PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a merger-arbitrage opportunity with higher risk.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest