Klöckner & Co SE has entered into a business combination agreement with Worthington Steel, Inc. and its subsidiary Worthington Steel GmbH. Under the terms of the agreement, Worthington Steel intends to launch a voluntary public takeover offer to acquire all shares of Klöckner & Co at a price of EUR 11.00 per share in cash. The offer includes a minimum acceptance threshold of 65% and is subject to customary closing conditions, including regulatory approvals. Following the completion of the transaction, Klöckner & Co will continue to operate independently with its management board, and the company’s European headquarters will remain in Düsseldorf. Worthington Steel plans to be appropriately represented on Klöckner & Co’s supervisory board in line with its status as a strategic partner. No job losses or site closures are planned, and for the 2025 financial year, a dividend of up to EUR 0.20 per Klöckner & Co share may be paid. Additionally, Worthington Steel may consider a squeeze-out, a control and profit transfer agreement, and/or a delisting of Klöckner & Co shares from the Frankfurt Stock Exchange following a successful offer.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Klöckner & Co. SE published the original content used to generate this news brief via EQS News, a service of EQS Group AG (Ref. ID: adhoc_2261010_de), on January 15, 2026, and is solely responsible for the information contained therein.
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