Steyr Motors boards recommend shareholders accept Red Cat offer
RCAT•Steyr Motors’ boards recommended shareholders accept Red Cat’s EUR 39-per-share cash offer, valuing the deal at approximately EUR 205 million. The offer expires December 18, 2026, and requires acceptance by at least 50% plus one share, subject to foreign investment approvals.
1. Boards endorse offer
Steyr Motors’ boards endorsed Red Cat’s cash offer of EUR 39 per share, valuing the transaction at approximately EUR 205 million. PwC deemed the price financially appropriate; it represents a 28.9% premium to the October 16, 2026, closing price.
2. Shareholder commitments
B&C committed its 780,000 shares, representing approximately 15% of share capital, and CEO Julian Cassutti is also tendering his shares. The offer expires December 18, 2026, with a minimum acceptance threshold of 50% plus one share, subject to foreign investment approvals.
3. Funding and operations
Red Cat will fund the purchase with its own cash. The plan preserves Steyr Motors’ Austrian headquarters, Steyr operations and existing management.
