The odd ownership dance between Titan International and Titan Europe has kicked up again, with new reports that the U.S. company has made an offer for some or all of the stock in the European operation.

Reports say that Titan Europe has claimed an offer was made by the Illinois-based tire and wheel producer, but that has not been confirmed.

Titan Europe reportedly said, “the offer may or may not lead to an offer being made for the whole of the issued share capital of the company,” one report read.

“There can be no certainty that a formal offer will be made for the company or the terms on which such an offer may be made,” a Titan Europe spokesman was quoted as saying. “As a result of certain of the directors of Titan Europe being directors of Titan International, an independent committee of the board has been formed for the purposes of considering any such offer, if made.”

In past years, Titan International has considered buying out Titan Europe, but was never able to work out a deal.