Red Cat offers to buy Steyr Motors for EUR 39 per share in cash
RCAT•RCAT•RCAT•RCAT•Red Cat plans to acquire all outstanding Steyr Motors shares for EUR 39 each in a fully financed, all-cash offer, a 28.9% premium to the October 16, 2026, closing price. The offer requires regulatory approvals and acceptance of 50% plus one share.
Red Cat plans to acquire all outstanding Steyr Motors shares for EUR 39 per share in a fully financed, all-cash offer. The price represents a 28.9% premium to Steyr Motors’ closing share price on October 16, 2026.
Anchor shareholder B&C Holding Österreich has committed to tender shares representing approximately 15% of Steyr Motors’ share capital. Completion requires regulatory approvals and acceptance of 50% plus one share; the acceptance period is expected to end December 18, 2026. Red Cat said the acquisition would strengthen its uncrewed surface vessel strategy while retaining Steyr Motors’ headquarters, manufacturing and R&D operations in Austria.
