U.S. tire and rim maker Titan International is to pay $25 million in cash and issue $25 million in shares to satisfy a settlement put option exercised by one of two fellow shareholders in Voltyre-Prom, a Russian agricultural and industrial tire operation.
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.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.