Commercial vehicle manufacturer (public, listed on Euronext Milan)
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Target of the takeover
Tata Motors, through its Dutch arm TML CV Holdings, launched an all-cash tender offer Friday for every outstanding common share of Italian truck and bus maker Iveco Group, at €14.10 per share on a cum-dividend basis. The bid values Iveco at roughly €3.82 billion. The acceptance window runs from September 7 to October 26.
Updated 2 hours ago
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