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Agricultural and construction equipment retailer Titan Machinery prices at the midpoint

December 6, 2007

Titan Machinery priced 6 million shares, 13% more than the originally planned offering of 5.3 million shares, at $8.50, the midpoint of the expected range of $7.50 to $9.50. Titan operates a large network of full service agricultural and construction equipment stores in North America. 1.5 million shares were sold by insiders. Craig-Hallum Capital Group and Robert Baird were the joint lead managers on the deal. The stock is expected to start trading Thursday on the NASDAQ under the symbol "TITN".