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AUTO INDUSTRY

Tata Motors Raises Iveco Offer

The all-cash tender offer is higher, but the proposed acquisition is not complete.

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WHAT CHANGED

The Offer Reaches €14.40

€14.40

The price is €0.30 higher per Iveco share than the earlier offer, according to the 9 Oct notice.

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DEAL VALUE

Maximum Payout Rises

€3.91bn

The official notice sets the maximum payout if all shares covered by the offer are tendered.

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WHAT HAPPENS NEXT

Approvals Still Matter

The acceptance period is scheduled to close on 26 Oct, with a shareholder meeting on 16 Oct.

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What Fleets Should Watch

There is no announced change today to Indian truck prices, fuel, tolls or service terms.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: Tata Motors raises Iveco offer to €14.40: what it means for fleets