Tata's Jaguar Deal Worries Analysts
Tata Motors' acquisition of the two iconic brands—Jaguar and Land Rover—without doubt ranks among the high-profile global deals clinched by Indian firms so far. But if auto analysts are to be believed, this may not be the best time to buy Tata Motors shares. At the time of going to press, Tata Motors' ADRs were trading 2.30% lower on the NYSE Euronext at $16.96. It had hit a low of $14.71 on March 17, 2008. Meanwhile, Ford Motors was trading at $2.35, down 2.08%.
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