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The results, announced by Iveco on Monday and disclosed by Tata Motors on Tuesday, show that shareholders tendered 238,157,212 shares before the offer closed on 26 October. Those acceptances represent 87.81% of Iveco’s total common share capital, exceeding the revised 80% minimum required for the transaction to proceed.

The 89.42% figure is calculated after excluding the 4,868,597 shares held in Iveco’s treasury. It represents the prospective ownership of TML CV Holdings B. V., the Tata Motors acquisition subsidiary, rather than a completed transfer of the shares. Settlement remains subject to confirmation of the provisional results and satisfaction or waiver of other offer conditions.

Iveco said the final results and the status of outstanding conditions would be published by 29 October, before trading begins. Payment for shares accepted during the initial tender period is scheduled for 30 October, when ownership will transfer against the agreed cash consideration if the conditions are met.

The acquisition vehicle offered €14.40 for each share, valuing the 238.16 million tendered shares at approximately €3.43 billion. The overall offer has been valued at about €3.9 billion, making the transaction Tata Motors’ largest overseas acquisition since its purchase of Jaguar Land Rover in 2008.

The acceptance threshold was initially fixed at 95%, but fell automatically to 80% following a resolution approved by Iveco shareholders at an extraordinary general meeting on 16 October. That decision provided a mechanism for completing the transaction without securing acceptances from nearly every shareholder.

The lower requirement proved important as the tender period approached its deadline. Although the preliminary level of support comfortably exceeds 80%, it remains below the original 95% target. The final ownership structure will depend partly on the number of additional shareholders accepting the offer during a second window. Any subsequent steps towards full ownership or delisting will depend on the applicable procedures and the level of shares ultimately acquired.

Iveco has scheduled that reopening for five trading days, from 2 November to 6 November, subject to confirmation of the initial results and the remaining conditions. Investors who tender during the additional period are expected to receive payment on 13 November at the same €14.40 price.

Tata Motors raised its cash offer by 30 euro cents a share on 9 October, from €14.10, after the acquisition timetable was extended. The revised price applied to all shares tendered during the initial period, including those submitted before the increase was announced.

The takeover covers Iveco’s commercial vehicle operations, including trucks and buses, but excludes its defence business, which is being separated. The proposed combination would give Tata Motors a much larger manufacturing and distribution presence in Europe while bringing Iveco’s established commercial vehicle brands into the wider group. The deal would also broaden the range of vehicles and markets served by the combined commercial vehicle operations.

Iveco’s board had unanimously recommended that shareholders accept the offer. Its largest shareholder, Exor, which held approximately 27.06% of the common shares and 43.19% of voting rights when the offer was launched, had committed to tender its holding and support the necessary shareholder resolutions.

The transaction nevertheless drew opposition from investment firm Petrus Advisers, which argued that the original price undervalued Iveco and failed to reflect sufficiently the potential benefits of combining the businesses. The increase to €14.40 did not eliminate the importance of shareholder participation in meeting the formal acceptance condition.

Tata Motors managing director and chief executive Girish Wagh described the revised price as the company’s best and final offer before the tender deadline. The company had indicated that a substantial proportion of shareholders might submit their acceptances close to the closing date, a pattern reflected in the final provisional tally.

The offer began on 7 September after Italy’s market regulator, Consob, approved the offer document earlier that month. BNP Paribas’s Italian branch coordinated the collection of acceptances and supplied the provisional figures disclosed by Iveco.

Iveco said the acquisition vehicle had not purchased any common shares outside the tender offer between publication of the offer document on 4 September and the closing date. The company’s treasury holding accounted for approximately 1.80% of its issued common share capital.

By Ashok Nilakantan Ayers WASHINGTON: The final week of America’s 2026 midterm election campaign has become a high-stakes confrontation between President Donald Trump and a Democratic opposition seeking to turn voter dissatisfaction over the economy into control of Congress. Neither Trump nor former president Barack Obama is on the ballot. Yet both are criss-crossing the […]

The article Barack Obama Imparts Big Momentum To Democratic Campaign In Last Phase appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

300+ AI Applications Delivering Surges in Core Metrics and Annual Cost Reduction of Over CNY100 Million (Approx. US$15 Million)

NANJING, CHINA – Media OutReach Newswire – 26 October 2026 – Nanjing Iron & Steel Co., Ltd. (NISCO) has worked with Huawei and ecosystem partners to commercially deploy the world’s first steel model powered by swarm intelligence—the YuanYe Steel Large Model (YuanYe)—across multiple scenarios at scale. This helps NISCO transition its core operations from relying on experience to being powered by data and intelligence collaboration.

As a traditional manufacturer navigating the challenges of transformation and cost efficiency, NISCO has built a robust digital and intelligent foundation by adopting industry-leading products including Ascend, Kunpeng, Huawei Cloud Stack, and Pangu models. By embedding AI into every core stage of production—ironmaking, steelmaking, rolling, and quality inspection—NISCO is forging green and high-end AI-powered super steel plants.

Unlike general-purpose monolithic models, YuanYe innovatively fuses multiple AI models with the steel industry’s metallurgical mechanism models to create a dual-drive, multi-model cluster architecture. This architecture features a “right brain” for probabilistic computing and a “left brain” for precise and scientific decision-making. Powered by massive amounts of sensing data aggregated from millions of operational technology (OT) data points across 26 business domains, NISCO has achieved real-time digital twin mapping within its intelligent operations center, laying solid data and scenario foundations for YuanYe. This enables the entire steelmaking process to become not only visible, but also capable of precise control and intelligent assessment. Now 100% of NISCO’s key equipment is connected and digitally controlled and its new product R&D cycles have been shortened by 50%, reducing annual costs by over CNY100 million (approx. US$15 million).

As the model continues to iterate, NISCO had launched 25 business agents by October 2026. These agents cover a wide range of scenarios, from visual quality inspection and process optimization to production scheduling and operations management, setting a new benchmark for digital and intelligent steel transformation.

Breakthroughs in four core scenarios: YuanYe redefines traditional operations for significant safety, efficiency, and quality gains

• In the ironmaking stage, AI makes traditionally invisible blast furnaces transparent. YuanYe leverages blast furnaces’ internal sensor data and metallurgical mechanism analysis to perform real-time dynamic simulations of the ironmaking process. Assisted by furnace temperature prediction and health diagnosis models, furnace operators can predict temperatures and identify issues two hours in advance, with over 90% accuracy. This shifts furnace operations from reactive post-event remediation to proactive pre-control, increasing prime-grade molten iron yield by over 10% while significantly cutting unit energy consumption.
• In the rolling stage, AI drives precise predictions and codifies expert experience to enhance the operational stability of steel rolling and secure leadership in product quality. To tackle the highly dynamic and complex operating conditions during the rolling process, YuanYe’s rolling-force prediction model achieves millisecond-level response, narrowing the thickness tolerance to ±0.2 mm and reducing the steel thickness deviation to 1.9% to reach a world-leading standard. The rolling-force hit rate has jumped from 88% to 98%, supporting a steady annual output of over 2.5 million tons of steel plates and increasing the overall yield rate by 0.5%. Enhanced dimensional precision and physical-chemical stability allow NISCO’s products to meet demanding steel specifications across diverse applications, ranging from mega stadiums and oil pipelines to 10,000-ton cruise ships and LNG storage tanks.

• In quality inspection, the synergy between robots and AI models serves as a discerning “eagle eye”, doubling metallographic inspection efficiency. During metallographic inspection for finished steel, the integrated smart metallographic inspection system built on YuanYe has achieved full-process automation, covering sample grinding and polishing, image acquisition, and smart grading. Inspection accuracy has risen to over 95%, while per-sample inspection time has been shortened from 10 minutes down to 3–5 minutes. This 80% increase in overall inspection efficiency frees human operators to focus on anomaly analysis and high-level decision-making.
• In the energy and environmental control stage, NISCO leverages the YuanYe architecture to develop the S-Link Intelligent Agent for Gas and Flue Gas Sulfur Control. Integrating 602 process parameters alongside multi-modal image and knowledge capabilities, the agent achieves a smart closed loop across source prediction, process optimization, and end-of-pipe compliance. By combining mechanism inversion with time-series forecasting, it issues precise sulfur-risk warnings one hour in advance, achieving a sulfur prediction accuracy of over 95%. Operational optimization algorithms then calculate the optimal gas blending scheme within seconds. Finally, game-theoretic models dynamically allocate emission quotas, slashing natural gas co-firing consumption by nearly 50%. This has reduced downtime caused by emission exceedance by over 25%, and delivered more than CNY600,000 (approx. US$90,000) in annual economic benefits—securing both environmental compliance and drastic cost reduction.

From automating labor to empowering people: Defining a new paradigm of inclusive AI

Li Jinyan, General Manager of the Digital and Intelligent Integrated Development Department and Director of the AI Research Institute at NISCO, said: “Digital and intelligent transformation is inherently human-centric. Its purpose is not to replace people, but to unleash human potential. Our goal is to lift employees out of the endless sea of data, empowering them to direct their creative energy toward work of higher value.” To date, NISCO has deployed over 300 AI models across its plants, alongside more than 1,000 low-code agents and lightweight applications built independently by frontline employees.

As Cheng Yongfu, Senior Industrial Solution Expert at Huawei’s Steel & Non-ferrous BU, noted: “The real value of industrial AI can only be realized when it expands from single-point applications to comprehensive integration with production, operations, and management, which can unlock sustained, scalable empowerment.”

Looking ahead, as model deployment expands and computing demands continue to grow, NISCO will team up with Huawei and other partners to explore the construction of dedicated data centers for smart steel plants. Centered on the AI-native three-tier architecture (AI-native OS, AI-native factory, and AI-native enterprise) and powered by the YuanYe model, NISCO is accelerating high-quality steel development, aiming to provide a replicable and scalable benchmark for the digital and intelligent transformation of the global steel and manufacturing industries.

Hashtag: #Huawei #NISCO

The issuer is solely responsible for the content of this announcement.

By Nantoo Banerjee The long-drawn Ukraine-Russia war seems to be turning out to become the world’s largest and most expensive proxy war in the modern era, in which the European Union and the United Kingdom have so far spent nearly $300 billion on Ukraine to tame Russia. The Syrian civil war since 2011 may be […]

The article The UK, EU Spent Billions On Ukraine To Proxy-Fight Russia appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

With products sold in more than 80 countries, Thailand’s leading Sriracha producer highlights its global distribution strength, product innovation and ambition to grow Thai Sriracha on the world stage.

BANGKOK, THAILAND – Media OutReach Newswire – 26 October 2026 – Exotic Food Public Company Limited (XO), a leading Thai manufacturer and exporter of premium sauces, condiments and culinary products, is showcasing the strength of Thai brands on the global stage at SIAL Paris 2026, one of the world’s leading international food industry exhibitions, held from 17–21 October in Paris, France. The company’s participation reflects its ambition to take authentic Thai flavours beyond traditional export markets and build globally competitive brands through product innovation, international market expertise and strong distribution partnerships.

With products distributed in more than 80 countries and available at over 30,000 points of sale worldwide, Exotic Food has established a strong international presence through its flagship brands, Exotic Food and Flying Goose. Europe remains one of the company’s key markets, where its portfolio of Thai sauces, condiments and culinary products continues to reach consumers through international retail and distribution networks.

Bringing together more than 8,000 exhibitors from 130 countries and showcasing over 400,000 products, SIAL Paris 2026 serves as a major meeting point for the global food industry. For Exotic Food, the exhibition provides an important platform to connect with international buyers and distributors, strengthen existing business relationships and explore new market opportunities, while demonstrating how Thai food brands can compete in an increasingly diverse global marketplace.

At SIAL Paris 2026, Exotic Food is presenting its portfolio of authentic Thai flavours alongside innovations developed for international consumers. A key highlight is the Flying Goose Sriracha range, featuring more than 50 flavours, together with creative product collaborations such as Sriracha-flavoured potato chips and peanuts. The showcase reflects the company’s ability to combine Thai culinary heritage with an understanding of evolving global food trends, bringing familiar Thai flavours into new product categories and consumer experiences.

The company’s distinctive bright-red exhibition booth draws inspiration from Thai culture and the signature identity of Flying Goose Sriracha, creating a strong visual expression of its Thai roots and international brand positioning.

Mr. Jittiporn Jantarach, Chief Executive Officer of Exotic Food Public Company Limited, said, “Taking Thai flavours to the world is only the beginning. Building a successful global brand requires a deep understanding of international consumers, the ability to adapt to different markets, and a long-term commitment to quality and innovation.

“At Exotic Food, we combine our Thai culinary heritage with global market expertise to create products that resonate with consumers across cultures. Our presence at SIAL Paris reflects not only how far Thai brands have come, but also their potential to compete and grow on the world stage.”

Beyond international expansion and product innovation, Exotic Food continues to strengthen its sustainability commitments as part of its long-term business strategy. The company has achieved ISO 14068-1:2023 certification, supporting its roadmap towards Carbon Neutrality by 2040 and Net Zero Emissions by 2050. The certification reinforces its commitment to internationally recognised environmental standards and sustainable operations, particularly as sustainability becomes an increasingly important consideration for global business partners and international trade.

Through its participation in SIAL Paris 2026, Exotic Food continues to demonstrate how Thai companies can move beyond traditional food exports to establish distinctive, internationally competitive brands. By combining authentic Thai flavours with global market understanding, continuous innovation and responsible business practices, the company is reinforcing the growing potential of Thai brands in the international food industry.

Hashtag: #ExoticFood

The issuer is solely responsible for the content of this announcement.