Red Cat unit plans EUR 39 per share cash offer for Steyr Motors

Bitget2026/10/19 05:32

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Red Cat Holdings subsidiary SMOT Acquisition plans to buy all Steyr Motors shares for EUR 39 each in cash.
The offer requires acceptance by holders of at least 50% of shares and one additional share.
Closing is expected in the first half of 2027, subject to regulatory clearances and other customary conditions.
B&C Holding Österreich, which holds about 15% of the shares, has committed to tender its entire stake.
The target intends to support the offer, subject to a favorable review of its terms and management and supervisory board resolutions.

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: adhoc_2417608_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 unit plans EUR 39 per share cash offer for Steyr Motors

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