---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-099427"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T17:05:32.318147+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel lowers Kloeckner takeover threshold to 57.5%; secures 56.9% of shares as of March 9

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-099427
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000119312526099427/0001193125-26-099427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000119312526099427/d19230d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-099427
- JSON: https://secwatch.observer/filing/0001193125-26-099427.json
- Plain text: https://secwatch.observer/filing/0001193125-26-099427.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.