Ford finalizes Jaguar, Land Rover sale to Tata
Ford Motor Co. announced on Monday that it has finalized the sale of its Land Rover and Jaguar brands to Indian company Tata Motors for $2.4 billion in cash.
The deal includes $100 million for the sale price adjustments and debt balance transfers, and an extra $600 million for pension plans.
American Depositary Shares of Tata Motors closed down $13.32 or 3.90 on the New York Stock Exchange. In after hours trading, shares fell by 0.57 percent to $13.40.
Shares of Ford were fell 2.35 percent to $6.64. They rose 1 cent in after-hours trading.
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