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Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion

FinSiddhi

Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest shareholder Exor, the deal targets full acquisition and delisting, amid strong Tata Motors commercial vehicle sales.
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