Tata Motors has officially increased its takeover bid for Iveco, setting the new price at 14.40 euros per share.
- The updated offer values the company at approximately 3.91 billion euros.
- Tata has stated that this is their final, best offer for the deal.
- The bidding window is scheduled to close on October 26.
- Government discussions regarding future employment are set for October 13.
With this final move on the table, all eyes are now on the upcoming negotiations regarding the company’s workforce.