Red Cat proposes €39 per share cash offer for Steyr Motors
Red Cat Holdings announced a voluntary public purchase offer to acquire all outstanding shares of Steyr Motors AG for €39.00 in cash per share. The offer represents a 55.8% premium to Steyr’s 52‑week low and a 28.9% premium to the October 16 closing price. The transaction is backed by Steyr’s anchor shareholder B&C Group, which will tender roughly 15% of the share capital, and requires regulatory approvals and a minimum 50%+1 share acceptance threshold. The acceptance period is set to close on 18 December 2026.
Why it matters
If the offer is accepted, Steyr shareholders will receive cash at €39 per share, valuing the company at roughly €205 million. The deal is contingent on regulatory clearances and achieving the acceptance threshold, creating execution risk for investors.
Key facts
- 1Red Cat offered €39.00 per Steyr Motors share in cash. stocktitan.net
- 2The offer is a 55.8% premium to Steyr’s 52‑week low. stocktitan.net
- 3The offer is a 28.9% premium to Steyr’s closing price on 16 Oct 2026. tradingview.com
- 4The acceptance period ends on 18 December 2026 at 5:00 p.m. CET. stocktitan.net
- 5A minimum acceptance threshold of 50% plus one share is required. tradingview.com
- 6Steyr’s anchor shareholder B&C Group will tender approximately 15% of the share capital. quiverquant.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.