Red Cat subsidiary launches €39-per-share offer for all Steyr Motors shares

Red Cat Holdings' subsidiary SMOT Acquisition GmbH launched a voluntary public purchase offer for all Steyr Motors AG shares at €39.00 per share in cash, a 28.9% premium over the October 16 close, valuing the deal at about $230 million. The offer is subject to a 50% plus one share acceptance threshold and regulatory approvals.

Detected & updated continuously · Source: Nebula