Titan International receives purchase offer

Quincy, Illinois — Wheel and tyre maker Titan International Inc. said it has received an offer from an equity firm that is interested in buying the company.

One Equity Partners LLC, a private equity affiliate of JPMorgan Chase & Co., has indicated an interest in acquiring Titan in a cash merger for $18 per share of common stock, Titan said. The offer is subject to approval by Titan shareholders, approval of the boards of Titan and One Equity and the reaching of a definitive agreement with…

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