CATCH ME UP
Tata Motors is offering 14.10 euros per share for all common shares of Iveco Group.
The deal values the Italian company at about 3.82 billion euros.
The acceptance period is scheduled to run from September 7 to October 26, 2026 after clearance from Italy's Consob.
Company leaders say the combination would create a globally competitive commercial vehicle business with complementary portfolios.
Why it mattersThe takeover could reshape the commercial vehicle market and signals a major cross-border deal now cleared to move ahead.
More context
Iveco's board unanimously recommended that shareholders accept the offer, and Exor N.V. has committed to support it.
The combined business is said to have annual sales exceeding 590,000 units.