Steyr Motors shares surge on Red Cat Holdings' tender offer proposal
RCAT Red Cat Holdings Inc
$4.72 -3.67%
View chart & analysis → - 1Red Cat Holdings announced a voluntary tender offer to acquire all outstanding shares of Steyr Motors.
- 2Steyr Motors shares rose 20% in pre-market trading.
- 3B&C Group entered into an irrevocable agreement to sell approximately 15% of Steyr Motors' outstanding share capital.
So what's the key point?
Red Cat Holdings proposed to buy all shares of Steyr Motors. Following this news, Steyr Motors shares rose by 20%.
Source Nasdaq +1 · View original ↗
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