Tata Motors raises Iveco offer to €14.40
Tata Motors has increased its buyout offer for Iveco Group to 14.40 euros per share as regulatory approvals face delays. The revised bid represents its final offer and follows 28.4 percent of shares being tendered so far.
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Tata Motors raised its buyout offer for Iveco Group to €14.40 per share on Friday afternoon, citing regulatory delays across multiple jurisdictions. The revised bid marks a 6.77% premium over the target's July 29 closing price, up from the previous €14.10 per share. Investors are weighing the final offer as tender participation stands at 28.4% ahead of the closing deadline.
