Tata Motors raises Iveco takeover offer to €14.40 per share
Tata Motors increased its offer for Iveco Group to €14.40 per share, citing slower authorization in some jurisdictions. The tender offer period runs from early September to October 26.
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06:11:14 PM UTC
SquawkNews
Tata Motors has raised its takeover offer for Italian commercial vehicle maker Iveco Group to €14.40 per share from €14.10, while declaring the revised price its best and final offer.The increase of €0.30 per share comes as the completion of the acquisition has been delayed because regulatory appro…
40 per share, saying the authorisation process is taking longer than initially expected in a few jurisdictions, the Italian truckmaker said on Friday. The tender offer period opened in early September and ends on October 26.