Worthington Steel has reached an agreement to acquire all outstanding shares of Kloeckner & Co, offering €11 in cash for each Kloeckner share. Kloeckner’s largest shareholder, SWOCTEM GmbH, which holds approximately 42% of the shares, has committed to tender its shares in support of the offer. Completion of the transaction is expected in the second half of 2026, subject to certain conditions. Worthington Steel plans to finance the acquisition through a combination of cash on hand and new debt, with fully underwritten commitments in place. The management and supervisory boards of Kloeckner have expressed their support for the offer, and current leadership is expected to remain after the transaction closes.

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. Worthington Steel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-019521), on January 22, 2026, and is solely responsible for the information contained therein.