Red Cat Plans to Buy Steyr Motors for EUR39 Per Share
Red Cat announced plans to acquire Steyr Motors for EUR39 ($43.73) per share, valuing the company at about $250 million. Steyr is expected to generate roughly $100 million in 2027 sales.
Autonomous defense technology is thriving, whatever the stock market suggests. On Monday, Red Cat said it plans to acquire Steyr Motors for EUR39 ($43.73) per share. Steyr is expected to generate 2027 sales of roughly $100 million, and the deal values the company at about $250 million. Red C…