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via economictimes.indiatimes.comBusiness & Companies

Tata Motors rules out raising Iveco bid, calls €14.40 offer 'last and final'

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Tata Motors announced a final offer of €14.40 per share to acquire the Iveco Group. This revised bid came after a delay in regulatory approvals across several countries. The approval from minority shareholders was sought during an extraordinary general meeting. The offer is set…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA large cross-border acquisition with a final offer fixed, closing in October and completion planned for November.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tata Motors announced a final offer of €14.40 per share for Iveco Group.
  2. 02Delays in regulatory approvals across several countries led to the revised bid.
  3. 03The offer closes on October 26 with settlement planned for October 30.

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