Klöckner & Co SE Backs Worthington Steel Takeover Offer

Reuters02-13

Klöckner & Co SE Backs <a href="https://laohu8.com/S/WS">Worthington Steel</a> Takeover Offer

Worthington Steel GmbH, a wholly owned subsidiary of Worthington Steel, Inc., has made a voluntary public takeover offer for Klöckner & Co SE. Following a detailed review, the Management Board and Supervisory Board of Klöckner & Co have issued a joint response stating that the offer aligns with the company’s long-term strategic goals and supports value creation. Worthington Steel plans to maintain Klöckner & Co’s independent operations under its current management, with no site closures or layoffs anticipated. The company’s headquarters for European business will remain in Düsseldorf, and its financial structure is expected to stay unchanged. The acceptance period for the offer ends on March 12, 2026. Worthington Steel is also evaluating options such as entering into a domination and profit and loss transfer agreement and potentially delisting Klöckner & Co shares from the Frankfurt Stock Exchange after the offer’s completion.

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_2275638_en), on February 13, 2026, and is solely responsible for the information contained therein.

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Worthington Steel plans to maintain Klöckner & Co’s independent operations under its current management, with no site closures or layoffs anticipated. The company’s headquarters for European business will remain in Düsseldorf, and its financial structure is expected to stay unchanged. The acceptance period for the offer ends on March 12, 2026. Worthington Steel is also evaluating options such as entering into a domination and profit and loss transfer agreement and potentially delisting Klöckner & Co shares from the Frankfurt Stock Exchange after the offer’s completion.\n      \n\n\nDisclaimer: 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. 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