Tata Motors raises Iveco offer to €14.40 per share as approvals extend
Regulatory timelines in several jurisdictions are extending the path to completing Tata Motors' planned acquisition of Iveco's commercial vehicle business. The higher bid lifts the offer above the previous €14.10 per share and comes while the tender period remains open until October 26.
Highlights
- Tata Motors raised its offer for Iveco Group to €14.40 per share, up from €14.10, citing authorization process delays in several jurisdictions.
- Iveco reported 28.4% of targeted shares had been tendered as of Friday, with shares closing at €14.40, equal to Tata's revised bid.
- Tata Motors' increased bid, described as its 'best and final' offer, seeks to maintain momentum for its €3.8 billion acquisition amid ongoing cross-border approvals.
Revised bid terms and tender timeline
As reported by Reuters, Tata Motors has raised its offer for Iveco Group to €14.40 per share because the authorisation process is taking longer than initially expected in a few jurisdictions, according to the Italian truckmaker's statement on Friday.The tender offer period opened in early September and ends on October 26. Tata Motors described the revised price as its "best and final" offer, while Iveco said in a separate statement that it welcomed the increase.
The previous offer price was €14.10 per share. Iveco said the new price represents a 6.77% premium over the closing price on July 29, 2025.
Market response and deal context
According to Borsa Italiana data, 28.4% of the Iveco shares targeted by the offer had been tendered as of Friday. Iveco shares are trading at €14.40 at Friday's close, matching the revised bid level.Tata Motors agreed last year to buy Iveco's commercial vehicle business in a deal valued at €3.8 billion. The higher offer underscores Tata Motors' effort to keep the transaction on track as cross-border approvals continue to shape the timetable.
In our earlier coverage of corporate financing and investment moves by listed Malaysian companies, we outlined a wave of rights issues, capacity-expansion plans and asset transactions aimed at strengthening balance sheets and funding growth. We also noted IOI Properties Group’s discussions on a potential secondary listing on the Singapore Exchange as part of its effort to broaden access to capital markets and raise its regional profile.
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