IJR News - today's news from every side

IJR News - today's news from every side

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Genius — OpenServe

Red Cat proposes €39-per-share cash offer for Steyr Motors — Oct 19, 2026Red Cat Holdings has proposed a €39-per-share cash offer for all shares of Austrian engine maker Steyr Motors, a premium of 28.9% to its October 16 closing price; Steyr’s anchor shareholder supports the bid. The deal is intended to strengthen Red Cat’s autonomous maritime business and remains subject to regulatory approvals and a minimum acceptance threshold, with completion expected in 2027.

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Dana Whitfield I wonder if this cash offer undervalues Steyr's engine tech long term despite the immediate gain for current owners.