From The Economic Times · Shally Mohile · · 50s
Tata Motors Finalizes Iveco Acquisition
Tata Motors confirms €14.40 per share offer as last and final bid for Iveco Group.
In brief
Tata Motors confirms €14.40 per share offer as last and final bid for Iveco Group. Tata Motors has set €14.40 per share as the final offer to acquire Iveco Group, with the deal closing on October 26. Originally reported by The Economic Times.
Tata Motors Final Offer
Tata Motors announced a final offer of €14.40 per share to acquire the Iveco Group, ruling out further increases.
“last and final”
Offer Revised for Regulatory Delays
The bid was raised to €14.40 per share on October 9 to compensate for a four-month delay in securing regulatory approvals.
Shareholder Approval Threshold
Iveco shareholders approved measures lowering the acceptance threshold to 80% from 95% at their extraordinary general meeting on October 16.
Deal Timeline
The acquisition is scheduled to close on October 26 with settlement expected on October 30, subject to regulatory completion.
In short
Tata Motors has set €14.40 per share as the final offer to acquire Iveco Group, with the deal closing on October 26.
