TML CV Holdings announces 96.25% Iveco stake and planned Dutch squeeze-out
On 9 November 2026, TML CV Holdings B.V. announced the final results of the reopened voluntary tender offer for Iveco Group N.V. Following the reopening, the offeror was expected to hold 256,360,429 shares, approximately 96.25% of Iveco's common share capital net of treasury shares, on the 13 November payment date. Having exceeded the 95% threshold, the offeror said it would commence a Dutch legal squeeze-out for the remaining shares; payment for shares tendered in the reopening is scheduled for 13 November 2026.
The primary release reports the final results of the reopened voluntary tender offer, including 18,203,217 additional shares tendered and an offeror holding of approximately 96.25% of Iveco Group's common share capital net of treasury shares on the 13 November 2026 payment date. This is a new and decision-relevant milestone distinct from the earlier 87.8% acceptance result: it exceeds the 95% threshold and the offeror explicitly announced that it will commence a Dutch legal squeeze-out, with possible trading suspension or delisting following the required process. The development is therefore best classified as merger_acquisition because it is a control-acquisition milestone in an ongoing tender offer; the potential delisting is a consequence rather than the central development. The 9 November date is explicit, but the source does not provide the precise real-world announcement time, so the timestamp is normalized to the start of that UTC date. Approved stakeholders are limited to the direct acquirer and target, the most clearly exposed commercial-vehicle competitors, and the explicitly identified financing providers.
FINAL RESULTS OF THE REOPENING OF THE TERMS: OFFEROR REACHED A SHAREHOLDING OF APPROXIMATELY 96.25%