Tata Motors secures 87.81% acceptance for €3.91B Iveco takeover

Tata Motors has cleared a key hurdle in its €3.91 billion acquisition of Iveco Group, with provisional acceptances covering 87.81% of the company's share capital (238.16 million shares) by the October 26 deadline. The offer was raised to €14.40 per share and the minimum threshold cut from 95% to 80%. The offer reopens November 2–6, with payments due November 13.

• 238.16 million Iveco shares tendered, equal to 87.81% of share capital
• Offer raised from €14.10 to €14.40 per share and declared final
• Acceptance threshold cut from 95% to 80% at the October 16 EGM
• Additional acceptance window runs November 2–6, payments on November 13