European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Iveco/Tata Motors: Final Regulatory Hurdle Cleared, But Little Road Left

Event-Driven

<ul>
<li>Tata Motors Raises Its Iveco Offer to €14.40 Per Share, Declaring It Best and Final. Iveco's Board Supports the Increase Ahead of the 16 October EGM.</li>
<li>At €14.355, the Remaining 0.31% Gross Spread Annualises to 6.73%, Assuming Payment on 30 October. The Acceptance Threshold Remains Subject to Shareholder Approval.</li>
<li>Completion Risk Remains Low, but the Absolute Upside Is Insufficient. We Would Not Initiate at Current Levels and Retain Our Neutral View, Raising Our Target to €14.40.</li>
</ul>


Tata Motors Raises Its Iveco Offer to €14.40 Per Share, Declaring It Best and Final. Iveco's Board Supports the Increase Ahead of the 16 October EGM.
At €14.355, the Remaining 0.31% Gross Spread Annualises to 6.73%, Assuming Payment on 30 October. The Acceptance Threshold Remains Subject to Shareholder Approval.
Completion Risk Remains Low, but the Absolute Upside Is Insufficient. We Would Not Initiate at Current Levels and Retain Our Neutral View, Raising Our Target to €14.40.


Tata Motors / Iveco: One Last Gear Change

Iveco Group

Tata Motors / Iveco: One Last Gear Change