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Red Cat Announces Proposed Voluntary Public Purchase Offer for Steyr Motors
Red Cat says the all-cash offer carries a 55.8% premium to Steyr Motors’ 52-week low and would preserve Austrian operations.
- On Monday, October 19, 2026, Red Cat Holdings announced a voluntary public purchase offer to acquire all outstanding shares of Steyr Motors AG for EUR 39.00 per share in cash.
- Red Cat's proposed transaction aims to strengthen its 'Blue Ops' uncrewed surface vessel strategy by pairing Steyr Motors' marine engine technology and manufacturing expertise with Red Cat's defense customer relationships.
- Offering a 55.8% premium to Steyr's 52-week low, anchor shareholder B&C Holding Österreich GmbH, holding approximately 15% of share capital, has committed to tender its shares into the offer.
- Steyr Motors CEO Julian Cassutti and the Supervisory Board view the transaction favorably, though completion requires regulatory approvals in Austria, Italy, Australia, and the UK, plus a 50% acceptance threshold.
- The acceptance period for shareholders is expected to commence shortly and conclude on December 18, 2026, at 5:00 p.m., as Red Cat intends to maintain Steyr Motors' Austrian headquarters, manufacturing, and R&D presence.
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14 Articles
14 Articles
The US drone developer Red Cat Holdings wants to take over the listed Steyr Motors – manufacturers of engines especially for the armaments industry – and has submitted a voluntary public takeover offer for all the shares of the Upper Austrian company. Steyr is to be maintained.
·Vienna, Austria
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Kurier+4 Reposted by 4 other sources
Bar offer over 39 euros per share, Friday closing price at 30.5 euros. Production in Steyr is to be expanded.
·Vienna, Austria
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Steyr Motors stock surges 20% premarket on Red Cat tender offer
Investing.com -- Steyr Motors shares soared more than 20% in Tradegate pre-market trading after Red Cat Holdings announced a voluntary public purchase offer to acquire all outstanding shares of the Austrian engine manufacturer. Red Cat, a U.S.-based provider of drone and robotic solutions for…
Coverage Details
Total News Sources14
Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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