Tata Motors CV shares in focus after increasing offer price for Iveco deal amidst completion delays
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shares of Tata Motors CV will be in focus on Monday, October 12, after the company increased its offer price for the Iveco deal.
- ✓The price rose to €14.40 from €14.10 due to completion delays.
- ✓This final offer pushes the total transaction value to €3.9 billion before the October 26 deadline.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Tata Motors CV Ltd. will be in focus on Monday, October 12, after the company has revised its price higher for the mega Iveco acquisition.
Tata Motors CV has increased its offer price for the Iveco transaction to €14.40 from €14.10 earlier. The company has attributed the increased price due to the delay in the completion of the offer. The new offer price is a premium of nearly 7% from the initial deal announcement.
The company has also specified that the new price is the best it can offer and is the final one that they are making, adding that prices will not be revised any further.
Tender offer period for the Iveco deal ends on October 26.
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