on Steyr Motors AG
SMOT Acquisition Bids for Steyr Motors AG Shares
Steyr Motors AG announced that SMOT Acquisition GmbH, a subsidiary of Red Cat Holdings, intends to make a voluntary public tender offer for all of its shares. The offer amounts to EUR 39.00 per share in cash. SMOT Acquisition, based in Vienna, aims to surpass a 50% share acceptance threshold and anticipates completion by mid-2027, pending regulatory approvals.
The company has confirmed B&C Holding Österreich GmbH's commitment to accepting the offer for its 15% stake in Steyr Motors. Steyr Motors AG is a leader in crafting high-performance engines for defense vehicles, boats, and auxiliary power units.
The management of Steyr Motors has expressed intent to support the offer, contingent on a favorable review of the proposal’s legal and economic terms. Regulatory approvals remain a pivotal condition for finalizing the tender.
R. H.
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