Red Cat plans to acquire Steyr Motors for EUR 39 per share in cash
RCAT•Red Cat Holdings plans to acquire Steyr Motors for EUR 39 per share in cash, a 28.9% premium to its October 16, 2026, Xetra closing price. B&C Holding Österreich has agreed to tender its roughly 15% stake, and completion is targeted for the first half of 2027.
1. Cash offer terms
Red Cat Holdings plans to acquire Steyr Motors through its wholly owned SMOT Acquisition for EUR 39 per share in cash. The offer represents a 28.9% premium to Steyr Motors’ October 16, 2026, Xetra closing price and is 55.8% above its 52-week low.
2. Conditions and timing
B&C Holding Österreich has agreed to tender its roughly 15% stake. Completion requires Red Cat to hold at least 50% of the shares plus one additional share when the acceptance period ends, which is expected on December 18, 2026, at 5 p.m. CET. Completion is targeted for the first half of 2027.
