secwatch.observer — SEC 8-K summary
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Issuer:     Worthington Steel, Inc. (WS)
CIK:        0001968487
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001193125-26-133381
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968487/000119312526133381/0001193125-26-133381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968487/000119312526133381/d112300d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-133381

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