The Hindu Businessline

Tata Motors 3.91-billion Iveco bid faces make-or-break October 26 test of global ambitions

Tata Motors faces a crucial October 26 deadline in its 3.91-billion Iveco takeover, with only 35% of shares tendered at the last reported count against the required 80%. While management expects a last-minute surge in acceptances, it faces resistance from influential investors, Italian concerns over jobs and factories, and questions over the acquisition debt surrounding the Indian automakers biggest global commercial-vehicle bet.