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The Economic Times
The Economic Times
Veer Sharma

Tata Motors shares in focus as firm launches tender offer for Iveco Group; values company at €3.82 billion

Shares of Tata Motors will be in focus heading into trade on Monday as the company announced it has begun a voluntary tender offer to acquire all issued common shares of Italian transport vehicle maker Iveco Group for €14.1 per share in cash, including the dividend.

Tata Motors CV and Iveco Group jointly announced the commencement of the offer by TML CV Holdings B.V. in an exchange filing over the weekend.

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