Tata Motors rules out raising its Iveco Group offer again
Tata Motors calls its €14.40 per share bid for Iveco Group final and will not raise it despite minority shareholder pressure, according to Moody's.
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what happened
Girish Wagh, managing director and chief executive of Tata Motors, said on Friday that the €14.40-per-share offer for Iveco Group is its final one. He ruled out any further increase, even though minority shareholders of the Italian truck maker may press for a higher price.
According to Wagh, the bid was lifted on October 9 from €14.10 per share. The move is meant to compensate investors for a four-month wait for regulatory approvals in several countries. The company has described the higher price as its best offer.
Asked whether minority holders could derail the deal, Wagh said Tata Motors remains confident after all resolutions were approved at Iveco's extraordinary general meeting earlier this month.
why it matters
Approval of every resolution at Iveco's EGM lowers the risk of the transaction stalling, but minority demands remain the main uncertainty over how the deal ends.
market impact
Iveco Group: deal terms and minority stance drive the stock, with bid-related uncertainty for shares
tags
instruments
sources
- Co Rules out Further Increase in Iveco Offer — Moody's, 24 October 2026 at 04:14 UTC
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