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Tata Motors Rules Out Further Increase in Iveco Offer

Tata Motors CEO Girish Wagh said the offer for Iveco Group is “last and final,” ruling out a further increase.

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Mumbai: Tata Motors' €14.40 per share offer to acquire the Iveco Group is "last and final", MD and chief executive Girish Wagh said Friday, ruling out a further increase despite potential pressure from the Italian commercial vehicle maker's minority shareholders.Wagh said the offer was revised ea…