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Steyr Motors AG entered into a business combination agreement with Red Cat Holdings and its subsidiary SMOT Acquisition GmbH for a voluntary public tender offer at EUR 39.00 per share, with a minimum acceptance threshold of 50% plus one share.
Steyr Motors AG announced a long-term framework agreement with KNDS to deliver at least 500 motor generator units (MGUs) for the Leopard 2 battle tank and Leguan bridge-laying system, running until 2034.