Tata Motors Wins 87.81% Shareholder Acceptance for Iveco Takeover
Investors representing 87.81% of Iveco’s equity accepted Tata Motors’ €3.91-billion takeover offer on Monday, clearing a major hurdle in the 15-month pursuit.
Tata Motors has secured the decisive shareholder backing for its €3.91-billion takeover of Italian truckmaker Iveco after investors representing 87.81% of its equity accepted the offer on Monday, overcoming minority shareholder resistance and clearing the biggest hurdle in its 15-month pursuit. The…