Worthington Steel Offers €11 per Share for Klöckner & Co

Reuters01-16

<a href="https://laohu8.com/S/WS">Worthington Steel</a> Offers €11 per Share for Klöckner & Co

Worthington Steel has announced a cash offer to acquire all outstanding shares of Klöckner & Co. SE at a price of €11.00 per share. This represents a premium of approximately 81% over Klöckner & Co.’s closing share price on December 5, 2025, and about 98% over the three-month volume-weighted average price prior to that date. The implied total enterprise value of the transaction is around €2.1 billion (USD 2.4 billion). SWOCTEM GmbH, holding approximately 41.53% of Klöckner & Co., has committed to tender its entire stake into the offer. Worthington Steel indicated that, upon successful completion of the transaction, it may consider further steps such as a squeeze-out, profit and loss transfer agreement, or delisting of Klöckner & Co. shares from the Frankfurt Stock Exchange. The completion of the offer is targeted for the second half of 2026 and is subject to a minimum acceptance threshold of 65% and regulatory approvals.

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: corporate_2261012_de), on January 15, 2026, and is solely responsible for the information contained therein.

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