New Delhi: Shareholders of Italian commercial vehicle maker Iveco Group on Friday approved key resolutions related to Tata Motors' takeover offer, including a reduction in the minimum acceptance threshold from 95 per cent to 80 per cent of its common shares, as the Indian auto major moves ahead with the acquisition process.
At an extraordinary general meeting held in Amsterdam, Iveco shareholders approved all resolutions proposed by its board of directors in connection with the voluntary public tender offer launched by TML CV Holdings Pte Ltd through TML CV Holdings B.V., Iveco Group said in a statement.
