The breakthrough follows a late-stage revision to the deal terms, where Tata Motors increased its offer to 14.4 euros per share, a 30-cent premium over the initial bid. This adjustment pushed the total equity valuation to 3.905 billion euros, a figure that the Iveco board formally endorsed as a favorable outcome for its investors.
In section Market Quotes
Tata Motors Secures Over 89% Stake in Iveco Takeover Bid
With over 89% of Iveco Group shareholders tendering their common stock, Tata Motors has crossed the critical threshold required to finalize its $4.36 billion acquisition. The move marks a decisive turn in the Indian conglomerate's strategy to expand its footprint in the international commercial vehicle market.
This consolidation remains contingent on the planned spinoff of Iveco's defense division, a segment already slated for acquisition by the Italian aerospace and defense contractor Leonardo. Once that separation is complete, the integration of Iveco’s primary commercial business into the broader Tata Group portfolio will proceed, marking a significant shift in the global heavy-vehicle manufacturing landscape.
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