Steyr Motors secures site and employee protections in Red Cat deal
Bitget2026/10/21 11:59- Steyr Motors signed a business combination agreement with Red Cat Holdings and SMOT Acquisition, retaining the EUR 39 per-share cash offer.
- Red Cat committed to protect the Steyr site for three years following settlement, with two-year safeguards against operational layoffs.
- The offer document is due before November 15, 2026, with the acceptance period expected to end December 18, 2026.
- Completion requires investment clearances, expected by June 30, 2027, and acceptance of 50% plus one share, excluding treasury shares.
- B&C Holding Österreich committed to tender its approximately 15% stake.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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