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 Shareholders Tender Shares for Tata Motors Takeover
Iveco shareholders tendered a majority of shares for Tata Motors’ proposed buyout, valuing the Italian manufacturer at around $4.36 billion. Tata Motors provisionally reached more than 89% of Iveco’s common share capital, according to a filing.