Tata Motors ups offer price for Italy’s commercial vehicle maker Iveco

Tata Motors has increased its offer price for the acquisition of Iveco by 2% to Euro 14.40 per share. The acquisition, initially announced in July 2025 as an all-cash deal valued at EUR 3.8 B, is now expected to conclude by November.The tender offer has attracted acceptances for 28.4% of the shares, with the deadline set for 26 October. While Exor, the promoter of the Italian commercial vehicle maker, has tendered its 27.06% stake, three major institutional shareholders – Davidson Kempner, Syquant Capital, and Petrus Advisers – have not yet subscribed to the offer. Together, these funds hold approximately 20.4% of the company's common shares.For Tata Motors, the deal aims to create a global commercial vehicle business with a combined annual revenue of approximately EUR 21-B. The acquisition requires 80% to 95% shareholder acceptance, depending on the outcome of an extraordinary general meeting scheduled for 16 October.