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via livemint.comBusiness & Companies

Tata Motors holds firm at Rs 1,531 per share Iveco bid despite investor objections

FROM THE WIRE · LIVEMINT.COM

Tata Motors has refused to raise its offer to buy Italian truck maker Iveco while investor who owns 3.8% of Iveco claims the price is too low. Tata Motors is expected to buy more than 80% of the company's shares by the deadline.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe Iveco bid matters for the commercial vehicle sector and for Tata Motors shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tata Motors refused to raise its offer for Iveco.
  2. 02An investor holding 3.8% of Iveco says the price is too low.
  3. 03Tata Motors is expected to buy over 80% of shares by the deadline.

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