Tata Motors Reaches 89.42% Stake in Iveco Takeover
Tata Motors said it provisionally holds 89.42% of Iveco Group’s common share capital, net of treasury shares, meeting a threshold condition for its proposed takeover.
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Iveco Offer Reaches 89.42%; Acceptance Period to Reopen
TML CV Holdings’ offer reached about 89.42% of Iveco Group’s common share capital net of treasury shares at €14.40 per share, satisfying the threshold condition. The acceptance period will reopen for five trading days starting Nov. 2; initial tenders are due for payment on Oct. 30.