Takeover offer for Steyr Motors: Red Cat offers 39 euros per share
Published
The company Red Cat has officially launched a takeover offer for the Austrian engine manufacturer Steyr Motors. Shareholders now have the opportunity to sell their shares to the company. The offer is an important step for the future of the long-established business from Upper Austria.
For every share of Steyr Motors, Red Cat is offering a cash amount of 39 euros. According to the buyer, this price is significantly higher than the current market value. The offer represents a premium of 28.9 percent compared to the last share price.
Interested shareholders must act quickly in making their decision. The official acceptance period for this offer is only open for a short time. It ends on December 18 at 5:00 p.m. (CET).
Whether the takeover will be successful now depends on the reaction of the shareholders. Experts are monitoring the situation closely, as Steyr Motors is a significant player in the Austrian industry. It remains to be seen how many shareholders will accept Red Cat's offer before the deadline expires.
Sources: newbusiness.at
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