Iveco becomes part of Tata Motors after tender settlement
Tata holds about 89.42% after settlement, appoints a new board, repurchases all special voting shares, and moves Q3 results to 3 November.
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Commercial and specialty vehicle, powertrain, and financial services group
ivecogroup.comLast updated
In short: Iveco advanced toward Tata Motors' €14.40-per-share takeover, reaching 89.42% ownership.
Tata holds about 89.42% after settlement, appoints a new board, repurchases all special voting shares, and moves Q3 results to 3 November.
The Board recommends shareholders accept the €14.40 per share tender offer at the October 16th general meeting.
Goldman Sachs and Rothschild confirm the valuation. The board unanimously approves it despite minor recusals during the vote.
The press release provides further details on financial performance and key highlights.
Milan, Oct 30 (askanews) - Tata Motors has completed the acquisition of Iveco Group with the payment and transfer of shares contributed in the public offer for the manufacturer...
Iveco Group officially becomes part of Tata Motors.
The $4.5 billion deal will expand the Indian automaker’s global footprint and strengthens its presence across commercial ...
The Tata Motors Iveco bid is locked at €14.40 per share, with the offer closing October 26 and settlement expected October 30 ...
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