Red Cat plans to acquire Steyr Motors for EUR 39 per share in cash

Bitget2026/10/19 05:34

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Red Cat Holdings plans to acquire Steyr Motors through wholly owned SMOT Acquisition for EUR 39 a share in cash.
The offer represents a 28.9% premium to the October 16, 2026, Xetra closing price and 55.8% above the 52-week low.
B&C Holding Österreich has agreed to tender its roughly 15% stake.
Completion requires Red Cat to hold at least 50% of the shares and one additional share when the acceptance period ends.
The acceptance period is expected to end December 18, 2026, at 5 p.m. CET, with completion targeted for first-half 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steyr Motors AG published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2417622_de) on October 19, 2026, and is solely responsible for the information contained therein.

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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Red Cat plans to acquire Steyr Motors for EUR 39 per share in cash

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