Ag Tire Maker Titan International Signs Letter of Intent with RDIF Regarding Settlement Put Option

Titan International announced on Jan. 3 that it and the Russian Direct Investment Fund (RDIF), one of the three shareholders of Voltyre-Prom, have entered into a Non-Binding Letter of Intent relating to the settlement put option that was exercised by RDIF.

Senior executives at Titan International worked during the Christmas and New Year holiday period to secure approvals for issuing stock to a co-shareholder in its Russian tire manufacturing operation to meet a settlement put…

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