on Steyr Motors AG
Steyr Motors AG Board Backs Red Cat's Purchase Offer
The Management and Supervisory Boards of Steyr Motors AG advise shareholders to accept Red Cat Holdings' purchase offer priced at EUR 39.00 per share. This offer represents a 29% premium over the share's trading price before the announcement. The audit firm PwC has confirmed the offer's financial fairness.
A key shareholder, B&C Holding, along with CEO Julian Cassutti, has agreed to tender shares, signaling trust in the offer. Red Cat Holdings, through its subsidiary SMOT Acquisition GmbH, plans to retain Steyr Motors' operations and workforce in Austria, committing to preserve the company’s identity.
The acceptance period for this offer ends on December 18, 2026. The boards believe this deal benefits Steyr Motors by providing growth opportunities and financial security without additional debt burden.
R. P.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Steyr Motors AG news