Petrus Advisers Calls Tata Motors' €14.10 Iveco Offer Undervalued
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St. Helier – September 29, 2026 -- Petrus Advisers, which holds roughly 3.8% of Iveco Group N.V. shares, has publicly rejected Tata Motors' all-cash voluntary tender offer of €14.10 per share, arguing the bid fails to reflect fair value for Iveco shareholders.
Petrus says the offer undervalues Iveco against industry peers
In a presentation released today, Petrus Legal Strategies (Jersey) Limited and Petrus Advisers Limited outlined three core objections to the transaction. The investment firm argues the €14.10 price sits below comparable valuations for peer companies in the commercial vehicle sector.