Brief: Steyr Motors AG Voluntary Public Tender Offer By Smot Acquisition GmbH, A Subsidiary Of Red Cat Holdings, Inc., For All Shares In Steyr Motors AG
BRIEF-Steyr Motors AG Voluntary Public Tender Offer By Smot Acquisition GmbH, A Subsidiary Of Red Cat Holdings, Inc., For All Shares In Steyr Motors AG Oct 19 (Reuters) - Steyr Motors AG 4X0.VI:
VOLUNTARY PUBLIC TENDER OFFER BY SMOT ACQUISITION GMBH, A SUBSIDIARY OF RED CAT HOLDINGS, INC., FOR ALL SHARES IN STEYR MOTORS AG
OFFER PRICE IS EUR 39 IN CASH PER STEYR MOTORS AG SHARE
OFFER EXPECTED TO COMPLETE IN FIRST HALF OF 2027 SUBJECT TO REGULATORY CLEARANCES
INTENDS TO SUPPORT THE OFFER SUBJECT TO REVIEW AND BOARD RESOLUTIONS
B&C HOLDING ÖSTERREICH TO ACCEPT OFFER FOR ABOUT 15% OF STEYR SHARES
VOLUNTARY PUBLIC TENDER OFFER BY SMOT ACQUISITION GMBH, A SUBSIDIARY OF RED CAT HOLDINGS, INC. – OFFER PRICE OF EUR 39.00 IN CASH
OFFER PRICE REPRESENTS 55.8% PREMIUM OVER 52-WEEK LOW, 28.9% OVER OCT 16 XETRA CLOSE
TENDER OFFER ACCEPTANCE PERIOD EXPECTED TO END DECEMBER 18, 2026 AT 5:00 P.M. CET
Further company coverage: 4X0.VI
(Gdansk Newsroom)
((Reuters Messaging: Gdansk.newsroom@thomsonreuters.com ; +48 58 7696600))
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