Tata Motors’ Iveco Takeover Offer Turns Unconditional at 89.42%
Tata Motors said its subsidiary secured acceptances for 89.42% of Iveco’s common share capital, net of treasury shares, making the takeover offer fully effective and unconditional.
Tata Motors Ltd on Tuesday (October 27) said the takeover offer for Italian truck maker Iveco Group N.V. has become fully effective and unconditional after its subsidiary TML CV Holdings B.V. secured acceptances for 89.42% of the company’s common share capital, net of treasury shares.A total of 238…