Worthington Steel receives final German merger clearance; Klöckner deal closing June 3

Worthington Steel, Inc.

German Federal Cartel Office granted merger control clearance on May 27, 2026, fulfilling the final regulatory condition for the Klöckner acquisition.
All conditions for the voluntary public cash takeover offer at €11.00 per share are now satisfied.
Transaction expected to close on June 3, 2026.
Initial acceptance period expired March 26; additional acceptance period closed April 14.

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