TATA DRIVES JAGUAR, LAND ROVER TO INDIA
March 28th, 2008
Continuing their acquisition ride, TATA sons acquired Ford’s Land Rover and Jaguar brands.
Even the markets gave the thumbs down to stock price and the stock was down more than 10% and closed at 679. The company feels that it has made the right decision by buying out the Ford brands and that it will boost the companies performance in the long run.
This was be an all cash deal and TATA’s have paid $2.43b
Investors with long term view can invest in the stock.