Titan International draws shareholder's attention to disclosure requirements for potential offer.
M2 EQUITYBITES-July 19, 2012-Titan International draws shareholder's attention to disclosure requirements for potential offer(C)2012 M2 COMMUNICATIONS http://www.m2.com
Titan International Inc (NYSE:TWI), a holding company of suppliers of wheels, tires and assemblies for off-highway equipment, revealed on Wednesday that its shareholders should pay attention to certain disclosure requirements applicable to the potential offer for Titan Europe Plc by it announced on 17 July 2012.
Additionally, the company said that its common stock is admitted to trading on the New York Stock Exchange.
Further, Rule 8 of the UK City Code on Takeovers and Mergers published and administered by the Takeover Panel have the above requirements are set out and in particular Rule 8.3 states that any person (directly or indirectly) interested in 1% or more of any class of relevant securities of any party to the offer, must make an Opening Position Disclosure and a Dealing Disclosure if he deals in the relevant securities during an offer period.
Also, information about the Takeover Panel's disclosure regime is available at: http://www.thetakeoverpanel.org.uk/disclosure and queries will be dealt by the Takeover Panel's Market Surveillance Unit on +44(0)20 7638 0129.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 19, 2012|
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