Company Press Releases

Titan Machinery

Titan Machinery Prices Offer at $20 a Share

FARGO, N.D. (AP) — Friday May 16, 9:12 am ET

Titan Machinery widens public offer to 4.2M shares at $20 per share

Titan Machinery Inc. said Friday it increased its previously announced public offering by 20 percent to 4.2 million shares, and has priced the offering at $20 per share.

The company, which operates agricultural and construction equipment stores, said it is offering about 3.6 million shares, and stockholders are selling 650,000 shares.

Titan Machinery has also granted underwriters a 30-day option to purchase up to 630,000 additional shares to cover over-allotments.

Craig-Hallum Capital Group and Robert W. Baird & Co. are underwriters for the offering.

About Titan Machinery Inc:
Titan Machinery Inc., founded in 1980 and headquartered in Fargo, North Dakota, owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. Titan Machinery Inc. maintains a network of 35 stores in North Dakota, South Dakota, Minnesota, and Iowa. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.

Cherry Tree is a founder, investor and board member of Titan Machinery, Inc.