Tata Motors Raises Final Iveco Bid to €14.40 Per Share

Tata Motors increased its tender offer for Iveco Group shares to €14.40 per share on Friday, raising its previous bid of €14.10. The company characterized the revised price as its "best and final" offer, which provides a 6.77% premium over the closing price of Iveco shares from July 29, 2025.

The price increase follows delays in receiving regulatory approvals across several jurisdictions. The tender offer is part of a broader agreement established last year for Tata Motors to acquire the commercial vehicle business of Iveco in a transaction valued at €3.8 billion.

As of Friday, 28.4% of the targeted shares have been tendered. The offer period, which opened in early September, is set to close on October 26. Iveco Group issued a statement welcoming the increased offer.