Red Cat Offers €39 Per Share for Steyr Motors in €204.8 Million Deal
Red Cat entered into a business combination agreement tied to a cash tender offer for all 5,251,261 Steyr Motors shares. The offer is open through Dec. 18, 2026, and is worth approximately €204.8 million if all shares are tendered.
Red Cat entered into a business combination agreement with Steyr Motors in connection with its cash tender offer to acquire all of the Austrian engine maker's 5,251,261 shares for €39 each, or approximately €204.8 million if all shares are tendered. The offer is open through Dec. 18, 2026, and is s…