WEST FARGO, N.D., Apr 29, 2011 (BUSINESS WIRE) — Titan Machinery Inc. (NASDAQ: TITN) today announced that it intends to engage in an underwritten public offering of 2,000,000 shares of its common stock, subject to an over-allotment option of up to 300,000 additional shares, pursuant to an effective shelf registration statement.

On April 27, 2011, the last reported sale price of Titan's common stock was $30.52 per share.

Craig-Hallum Capital Group LLC and Robert W. Baird & Co. have agreed to act as joint book-running managers of the offering, with Stephens Inc. and Feltl and Company acting as co-managers.

The offering will be conducted pursuant to an effective shelf registration statement, which is on file with the Securities and Exchange Commission. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the base prospectus related to the offering may be obtained from Craig-Hallum Capital Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402, or by calling 612-334-6300.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Titan Machinery, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.