Steyr Motors

Red Cat proposes €39-per-share cash offer for Steyr Motors

Red Cat Holdings has proposed a €39-per-share cash offer for all shares of Austrian engine maker Steyr Motors, a premium of 28.9% to its October 16 closing price; Steyr’s anchor shareholder supports the bid. The deal is intended to strengthen Red Cat’s autonomous maritime business and remains subject to regulatory approvals and a minimum acceptance threshold, with completion expected in 2027.