Steyr Motors boards recommend acceptance of Red Cat's €39-per-share offer

The Management and Supervisory Boards of Steyr Motors AG unanimously recommended shareholders accept the €39.00-per-share tender offer from Red Cat subsidiary SMOT Acquisition GmbH, calling the price fair and attractive, supported by a PwC fairness opinion. The offer represents a premium of about 29% over the October 16 Xetra close.

Detected & updated continuously · Source: Nebula