From The Economic Times · PTI · · 50s
Tata Motors Raises Iveco Offer Price
Tata Motors increases Iveco takeover offer by 0.30 euro per share to 14.40 euro per share due to authorisation delays.
In brief
Tata Motors increases Iveco takeover offer by 0.30 euro per share to 14.40 euro per share due to authorisation delays. Tata Motors raised its Iveco takeover offer price to 14.40 euro per share after delays in authorisation process. Originally reported by The Economic Times.
Tata Motors Raises Offer
Tata Motors has raised its takeover offer for Italian truckmaker Iveco Group by 0.30 euro per share to 14.40 euro per share.
Citing Authorisation Delays
Tata Motors cited delays in the authorisation process as the reason for increasing the offer price.
Previous Offer Details
The company previously offered 14.10 euro per share, valuing the transaction at 3.82 billion euro.
Revised Offer Premium
The revised offer represents a 33.47 per cent premium over Iveco's share price on July 17, 2025.
In short
Tata Motors raised its Iveco takeover offer price to 14.40 euro per share after delays in authorisation process.