Management and Supervisory Boards of Steyr Motors AG Recommend Acceptance of Red Cat's Purchase Offer

11/2/2026
Impact: 75
Unknown

Steyr Motors AG’s Management and Supervisory Boards unanimously recommended that shareholders accept SMOT Acquisition GmbH’s tender offer, backed by Red Cat Holdings. They consider the €39.00-per-share offer fair and attractive, a view supported by a PwC fairness opinion; it represents a roughly 29% premium to Steyr Motors’ Xetra closing price on October 16, 2026. Anchor shareholder B&C and CEO Julian Cassutti have committed to tender their shares, and the offer is open until December 18, 2026.

AI summary, not financial advice

Share: