Kloeckner & Co Recommends Acceptance Of Worthington Steel's Public Takeover Offer

Reuters02-13

Feb 13 (Reuters) - KLOECKNER & CO SE ::
*MANAGEMENT BOARD AND SUPERVISORY BOARD RECOMMEND ACCEPTANCE OF WORTHINGTON STEEL'S PUBLIC TAKEOVER OFFER
*OFFER PRICE REPRESENTS 98% PREMIUM ON AVERAGE SHARE PRICE
*BOTH PARTIES CONSIDER OFFER PRICE OF EUR 11.00 PER SHARE TO BE ATTRACTIVE, FAIR AND REASONABLE
*KLÖCKNER & CO TO OPERATE INDEPENDENTLY; NO SITE CLOSURES OR LAYOFFS
*OFFER SUBJECT TO 65% ACCEPTANCE THRESHOLD AND REGULATORY APPROVALS
*ACCEPTANCE PERIOD ENDS ON MARCH 12, 2026

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 13-FEB-202607:06:45.82 GMT

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