Tata Motors to acquire Iveco in $4.36-billion deal
Tata Motors said on Wednesday that it had agreed to buy Italian truck maker Iveco Group in a deal worth 3.8 billion euros ($4.36 billion), after the Italian truckmaker separately agreed to sell its defence business to Leonardo. As part of the arrangement, Tata Motors will launch an all-cash tender offer on Iveco’s shares, subject to…