Red Cat withdraws preliminary offer for Steyr Motors
- Location
- Steyr (Upper Austria) · 🇦🇹 Austria / USA
- Sector
- Industry
- Organisations
- Red Cat Holdings, Inc. ↔ Steyr Motors AG
- Transaction
- Non-binding preliminary offer — withdrawn
- Volume
- not disclosed
- Status
- failed
US drone and robotics maker Red Cat Holdings clarified on 29 July 2026 that it had withdrawn its non-binding preliminary offer for Austrian specialist engine manufacturer Steyr Motors AG; no active offer remains. Steyr shares, listed in Vienna and Frankfurt, fell on the news, while Red Cat stock lost around 4.4%.
Source: globenewswire.com ↗ · Archived copy ↗
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
More from: 🇦🇹 Austria · 🇺🇸 USA