Tata Motors Takes Control of Iveco With 89.42% Stake
Tata Motors said it completed the initial settlement of its tender offer for Iveco Group, acquiring a controlling 89.42% stake and making Iveco an indirect subsidiary.
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07:02:16 AM UTC
SquawkNews
Initial settlement of the €14.40-per-share tender offer brings the Italian commercial vehicle maker under Tata Motors' control, with a fresh offer window for minority shareholders from November 2 to 6Tata Motors has completed the initial settlement of its tender offer for Italian commercial vehicle…