Iveco: Tata Motors raises its takeover bid to €14.4 per share
"This is the best and final offer"
(Il Sole 24 Ore Radiocor) - India’s Tata Motors has raised the price of its voluntary full takeover bid for the Iveco Group from 14.1 to 14.4 euros per share, bringing it into line with today’s closing price of the share on the Milan Stock Exchange. The increase of 0.3 euros, the bidder states in a note, “constitutes its best and final determination of the offer price” and “no further increases will be made”. The decision is linked to the “slight delay in the completion of the Offer”, due to the fact that the process of obtaining prior authorisations “has taken longer in some jurisdictions than initially anticipated”. Tata reiterates, however, that it considers the previous offer price to have already represented “a full and fair valuation”.
The new price represents a premium of 6.77 per cent compared with the official price of the Iveco share on 29 July 2025 – the last trading day before the announcement of the transaction – and a premium of 33.47 per cent compared with 17 July 2025, the last day before rumours emerged regarding a possible takeover by Tata Motors. In the event of full acceptance, the maximum total outlay thus rises by 81.36 million to 3.906 billion euros. All other terms and conditions of the offer, however, “remain unchanged”.
imt-com
