Worthington Steel exceeds 57.5% minimum acceptance in Kloeckner & Co tender offer

Worthington Steel, Inc.

Secured ~58.8% of Kloeckner issued share capital, surpassing the 57.5% threshold.
Additional acceptance period runs April 1–14, 2026 for remaining shareholders.
Offer price of €11.00/share (98% premium to undisturbed 3-month VWAP).
Completion expected in H2 2026, subject to regulatory approvals.
Worthington Steel plans DPLTA and potential delisting or squeeze-out post-closing.

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