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Steyr Motors boards recommend shareholders accept Red Cat offer

By Public Technologies
  • Steyr Motors’ boards endorsed Red Cat’s EUR 39-per-share cash offer, 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.
  • B&C committed its 780,000 shares, securing approximately 15% of share capital; 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.
  • Red Cat will fund the purchase with its own cash, preserving the Austrian headquarters, Steyr operations and existing management.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steyr Motors AG published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.

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