Iveco stock enters squeeze-out phase after Tata reaches 96.25%

Published on 11/12/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iveco stock enters the final phase of Tata Motors' takeover after the offeror crossed the 95 percent threshold. Payment is due Friday.

Takeover reaches squeeze-out stage

Tata Motors' subsidiary is set to hold 96.25 percent of Iveco's common share capital after the reopened tender offer.
Payment for the 18.2 million shares tendered during the reopening is scheduled for November 13, 2026.
The offeror plans to acquire the remaining 3.68 percent through a Dutch legal squeeze-out.

Iveco, NL0015000LU4, Illustration mit AI erstellt.

Tata Motors has moved its takeover of Iveco Group into the squeeze-out phase after its wholly owned subsidiary TML CV Holdings B.V. reached a 96.25 percent holding. The result was announced on November 9, 2026, in an Iveco Group press release carried by GlobeNewswire.

The offeror received 18,203,217 shares during the reopening of the tender terms, equal to 6.71 percent of Iveco's common share capital. Added to the 238,157,212 shares accepted during the initial offer period, the holding will total 256,360,429 shares on the payment date, excluding Iveco's treasury shares.

Payment precedes legal squeeze-out

Payment for the shares tendered during the reopening is scheduled for Friday, November 13, 2026, at 14.40 euros per share. The price consists of the original 14.10 euros plus an additional cash component of 0.30 euros announced on October 9.

Crossing the 95 percent threshold allows TML CV Holdings B.V. to commence a Dutch legal squeeze-out for the remaining 9,986,374 shares, representing 3.68 percent of Iveco's common share capital. The offeror said the squeeze-out will not be preceded by the previously contemplated demerger and share sale. Its timing, terms and procedures are to be communicated in a separate release.

Borsa Italiana will order the suspension of trading and/or the delisting under its market regulations, taking into account the time needed to complete the Dutch legal process. For investors, the announced milestones point to a transition from a takeover bid toward settlement and the treatment of the remaining free float.

Iveco stock traded at 14.40 euros on Lang & Schwarz at 12:11 CET on Thursday, November 12, 2026.