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Titan International board approves stock split

By Associated Press
June 11, 2008 | Comments (0)

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Titan International Inc., which provides parts for agricultural and construction vehicles, on Wednesday said its board approved a five-for-four stock split.

The split is payable Aug. 15, to shareholders of record as of July 31, Titan said.

The company said it will give stockholders one additional share for every four shares they own as of July 31, and cash in lieu of fractional shares.

Titan said the new shares will be reflected on shareholder statements.

Titan shares closed down $1.04, or 2.7 percent, at $37.86.

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