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Illinois Ag News Headlines |
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Titan International Retains Goldman Sachs for Italtractor Deal
Illinois Ag Connection - 04/29/2016
Titan International, Inc., Quincy, Ill., previously announced that a Special Committee of its Board of Directors (the "Committee") has been formed to review and analyze the issues relating to the possible sale of Italtractor ITM S.p.A., one of the company's
subsidiaries that designs and produces steel track and undercarriages for the construction, mining and agricultural markets, and that the Committee intended to engage a financial advisor to assist it in carrying out its responsibilities.
The Committee has now engaged Goldman, Sachs & Co. as financial advisor in connection with the possible sale of ITM.
The Company does not currently intend to comment further on any possible sale or other transaction involving ITM unless and until a transaction is agreed upon or possible discussions are discontinued, and specifically disclaims any obligation to provide further
updates to the market, except as specifically required by any applicable securities law or regulation.
The Company cannot predict whether or when any sale or other transaction involving ITM will occur.
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