Red Cat offers to buy Steyr Motors for EUR 39 per share in cash
Bitget2026/10/19 05:02- Red Cat Holdings plans to acquire all outstanding Steyr Motors shares for EUR 39 per share through a fully financed cash offer.
- The price represents a 28.9% premium to the October 16, 2026, close and 27.3% to the 30-day volume-weighted average price.
- Anchor shareholder B&C Holding Österreich has irrevocably committed to tender its stake, representing approximately 15% of Steyr Motors’ share capital.
- The acquisition would strengthen the buyer’s uncrewed surface vessel business while retaining Steyr Motors’ Austrian headquarters, manufacturing and research operations.
- The offer requires acceptance of 50% plus one share, with the acceptance period expected to end December 18, 2026, at 5 p.m. CET.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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