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

Tata Motors has launched a voluntary tender offer to acquire all common shares of Iveco Group for €14.1 per share in cash, valuing the Italian commercial vehicle maker at about €3.82 billion. Backed by Iveco’s largest shareholder, Exor, the deal aims to take Tata Motors’ commercial vehicle business global and could lead to Iveco’s delisting from Euronext Milan.