Weekly Recap: Italtractor ITM sale ~$207M plus earnout and Debt cut, growth funding
Titan International, Inc. (NYSE:TWI) agreed to sell its Italtractor ITM undercarriage business to USCO for about $207M cash plus up to $6M earnout (with ~$23M adjustments and ~$49M dividends), aiming to cut debt and fund growth; closing and transition services expected Jan 2027, and COO Max Naranci…