Tata Motors Ltd has raised its takeover offer for Italian truck manufacturer Iveco Group NV by €0.30, to €14.40 per share. The company cited delays in the authorization process and said it would not increase the offer further.
The all-cash voluntary tender offer covers all outstanding Iveco common shares and began in September. The acceptance period runs from September 7 to October 26, 2026. A shareholder vote is scheduled for October 16. If all shares are tendered, the revised offer would value the transaction at approximately €3.91 billion.