From TokenPost · · 50s
Red Cat Offers €39-Per-Share for Steyr Motors
Red Cat proposes €39-per-share cash deal for Steyr Motors to boost uncrewed maritime capabilities.
In brief
Red Cat proposes €39-per-share cash deal for Steyr Motors to boost uncrewed maritime capabilities. Red Cat Holdings offered €39 per share for Steyr Motors to expand its uncrewed vessel engine production. Originally reported by TokenPost.
Red Cat's Offer Details
Red Cat Holdings proposed a €39-per-share cash offer for all outstanding shares of Austria’s Steyr Motors to add engine capacity to its uncrewed maritime business.
Offer Price and Conditions
The offer price is 28.9% above Steyr’s Oct. 16 closing price and 55.8% above its 52-week low, with completion requiring regulatory clearances in Austria, Italy, Australia, and the UK.
Tender Period and Next Steps
Tender period begins after offer publication and ends Dec. 18, 2026, at 11 a.m. ET; Steyr plans to support the proposal after reviewing legal terms and obtaining board resolutions.
The takeaway
Red Cat Holdings offered €39 per share for Steyr Motors to expand its uncrewed vessel engine production.
