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Tata Motors Raises Iveco Takeover Offer to €14.40 per Share
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CNBC TV18•09-10-2026, 23:35
Tata Motors Raises Iveco Takeover Offer to €14.40 per Share
- •Tata Motors increased its takeover offer for Italian commercial vehicle maker Iveco Group from €14.10 to €14.40 per share, declaring it the final and best offer.
- •The revision comes due to delays in securing regulatory approvals in certain jurisdictions, extending the acquisition timeline.
- •If all 271.2 million shares are tendered, the maximum total payout will rise by €81.36 million to reach €3.91 billion.
- •The increased payout is supported by an €85 million credit facility agreement with MUFG Bank's GIFT City branch and a new bank guarantee.
- •Shareholders who previously accepted the original offer are not required to take any further action to receive the higher price.
Key Questions Answered
Tata Motors has raised its takeover offer for Iveco Group to €14.40 per share from €14.10, declaring this revised price as its final and best offer.
The price was raised by €0.30 per share because the completion of the acquisition has been delayed while regulatory approvals in certain jurisdictions take longer than initially expected.
If all 271.2 million shares covered by the offer are tendered, the total cash payout will amount to €3.91 billion, raising the maximum potential payout by €81.36 million.
