M&A
confidence high
sentiment positive
materiality 0.75
Worthington Steel lowers Kloeckner takeover threshold to 57.5%; secures 56.9% of shares as of March 9
Worthington Steel, Inc.
- Minimum acceptance threshold reduced from 65% to 57.5%; acceptance period extended to March 26, 2026.
- Worthington Steel secured ~56.9% of Kloeckner issued share capital as of March 9, 2026.
- Offer price remains €11.00 per share (98% premium to undisturbed 3-month VWAP).
- Kloeckner boards recommend offer; no increase in price or other changes.