{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-019521","form_type":"8-K","ticker":"WS","cik":"0001968487","company_name":"Worthington Steel, Inc.","filed_at":"2026-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.899170+00:00","generated_at":"2026-05-16T09:01:08.402451+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Worthington Steel enters into business combination agreement to acquire Klöckner & Co SE for €11.00 per share","bullets":["Bidder Worthington Steel GmbH launched a voluntary public cash tender offer at €11.00 per Kloeckner share.","SWOCTEM, holder of ~42% of Kloeckner shares, entered into irrevocable undertaking to accept the offer.","Worthington Steel secured equity commitment of up to €1,632,000,000 and debt financing commitments of US$1.9 billion.","Offer subject to regulatory clearances, minimum 65% acceptance threshold, and other conditions.","Company amended its revolving credit facility to permit consummation of the offer."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-019521","json":"https://secwatch.observer/filing/0001193125-26-019521.json","markdown":"https://secwatch.observer/filing/0001193125-26-019521.md","text":"https://secwatch.observer/filing/0001193125-26-019521.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526019521/0001193125-26-019521-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526019521/d97867d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-16T09:01:08.402451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"df871c4baae0afc9707e430f2e5a6e41ae8438fa","claim":"Worthington Steel, Inc. entered into BCA with Klöckner & Co SE valued at €11.00 for each Kloeckner Share (effective 2026-01-15).","evidence_excerpt":"On January 15, 2026, Worthington Steel, Inc., an Ohio corporation (the “ Company ” or “ Worthington Steel ”), and Worthington Steel GmbH, a limited liability company established under German law ( Gesellschaft mit beschränkter Haftung ) (“ Bidder ”), and Klöckner & Co SE, a European stock corporation ( societas europaea ) organized under the laws of Germany (“ Kloeckner ”), entered into a business combination agreement (the “ BCA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526019521/0001193125-26-019521-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Klöckner & Co SE"},{"label":"Value","value":"€11.00 for each Kloeckner Share"},{"label":"Effective","value":"2026-01-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}