Morningstar

Tata Motors Raises Bid for Italy's Iveco

Provided by Dow Jones

By Joshua Kirby 




  Tata Motors raised its offer for Iveco in light of delays due to regulatory approvals, pushing up the value of the planned takeover closer to just shy of 4 billion euros ($4.49 billion.) 



  India's Tata Motors said in a filing published Friday that it raised its offer to 14.40 euros a share, up 30 cents from the original 14.10 euros it had offered for the truck maker. The new offer gives the company an equity value of around 3.905 billion euros, according to the filing. Shares in Milan-listed Iveco closed Friday around the new offer level of 14.40 euros. 



  Iveco said last month its board unanimously supported the initial offer, and recommended shareholders accept the deal. The company said Friday it welcomed the increase in the offer price. 



  Tata Motors, an arm of conglomerate Tata Group that counts British luxury auto maker Jaguar among its assets, agreed last year to buy Iveco's commercial-vehicles business, with the completion of the transaction subject to the spinoff of Iveco's defense business. Italy's Leonardo agreed to buy that business earlier this year, paving the way for the takeover of the remaining business by Tata Motors. 



  Shareholders will vote on the transaction at a meeting scheduled for Oct. 16. 





  Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby 





  (END) Dow Jones Newswires



  October 09, 2026 13:04 ET (17:04 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
3 Stocks to Sell and 3 Stocks to Buy for October
 
Plus, lessons from September’s stock market activity. 
 
 
David Sekera, CFA and Susan Dziubinski 
 
 
 
The Thrilling 37
 
Just a few strict screens can narrow the field to an elite group of funds. 
 
 
Russel Kinnel 
 
 
 
Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner
 
With a 3.3% dividend yield and earnings growth expected to exceed management’s outlook, this 4-star stock stands out in a struggling sector. 
 
 
Andrew Bischof, CFA, CPA 
 
 
 
The 10 Best Companies to Invest in Now
 
The stocks of these high-quality companies look cheap today. 
 
 
Tori Brovet 
 
 
 
3 Stocks to Invest In With More Room to Run
 
These stocks are up significantly in 2026, yet still look undervalued today. 
 
 
Susan Dziubinski 
 
 
 
 

			Sponsor Center