Steyr Motors says key terms of announced voluntary public tender offer remain unchanged
RCAT•Steyr Motors said the key terms of its announced voluntary public tender offer remain unchanged and reported binding commitments on its site and employees in a business combination agreement with Red Cat Holdings and SMOT Acquisition.
1. Offer and commitments
Steyr Motors said the key terms of its announced voluntary public tender offer remain unchanged. It also said it had signed a business combination agreement with Red Cat Holdings, Inc. and SMOT Acquisition GmbH, including commitments to protect the Steyr site for three years, envisage its further development as a research and manufacturing center, and safeguard employees.
