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Mergers & AcquisitionsMediumUpdated×2•Originally published 26 October 2026•Updated 27 October 2026•
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Tata’s Iveco Takeover Acceptance Rises to 89.42% with 3.91 Billion Euro Total Value

Key Facts

1Shares tendered reached 87.8% on 26 October 2026, exceeding the 80% acceptance threshold.
2The offer price rose to 14.40 euros per share from 14.10 euros, an increase of 0.30 euros, on 9 October 2026.
3Iveco shareholders lowered the acceptance threshold from 95% to 80% on 16 October 2026.
4The timetable set 30 October 2026 as the scheduled payment date, with a possible reopening between 2 and 6 November 2026 if the conditions applied.

The final provisional acceptance rate for Tata Motors' takeover bid for Iveco reached 89.42%. The results included 238,157,212 shares tendered for a total transaction value of 3.91 billion euros, according to updated data on October 27, 2026. This figure exceeds the revised minimum acceptance threshold of 80% previously approved by Iveco shareholders.

Tata raised the cash consideration to 14.40 euros per share, an increase of 0.30 euros from the original 14.10 euro price. This adjustment followed delays in obtaining prior approvals, according to a statement from Iveco. Completion remains subject to additional conditions, including amendments to the company’s articles of association and its conversion into a private entity following delisting.

The announced timetable sets October 30, 2026, as the payment date for shares tendered during the acceptance period. It also indicated a potential reopening of the offer between November 2 and November 6, 2026, subject to specific conditions, while the appointment of a new board remains a subsequent step to the financial settlement.