{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-254547","form_type":"8-K","ticker":"WS","cik":"0001968487","company_name":"Worthington Steel, Inc.","filed_at":"2026-06-03T10:47:52+00:00","discovered_at":"2026-06-03T10:50:00.303611+00:00","generated_at":"2026-06-03T10:50:11.766461+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Worthington Steel completes €576M acquisition of Kloeckner & Co, secures ~62% stake","bullets":["Completed voluntary takeover of Kloeckner on June 3, 2026; holds ~62% of outstanding shares.","Total aggregate consideration for tendered shares was €576,284,588 (~52.4M shares at €11.00 each).","Intends to launch a public delisting tender offer at €11.00 per share for remaining Kloeckner shares.","Plans to negotiate a Domination and Profit and Loss Transfer Agreement (DPLTA) to gain control.","Used proceeds from notes offering, term loan, and cash on hand to fund the acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-254547","json":"https://secwatch.observer/filing/0001193125-26-254547.json","markdown":"https://secwatch.observer/filing/0001193125-26-254547.md","text":"https://secwatch.observer/filing/0001193125-26-254547.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/0001193125-26-254547-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/d31520d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T10:50:11.766461+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"02f7c351a048e22586c1ff5b2487ed6da0b4cd1c","claim":"Worthington Steel, Inc. completed an acquisition involving Klöckner & Co SE for €11.00 per Klöckner Share (closed 2026-06-03).","evidence_excerpt":"public cash takeover offer to all shareholders of Klöckner to tender each issued and outstanding share of Klöckner (the “ Klöckner Shares ”) to BidCo at a cash consideration of €11.00 per Klöckner Share (such offer, as amended, the “ Offer ,” and the transactions contemplated thereby, the “ Klöckner Acquisition ”). On June 3, 2026 (the “ Settlement Date ”), the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/0001193125-26-254547-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Klöckner & Co SE"},{"label":"Consideration","value":"€11.00 per Klöckner Share"},{"label":"Closing","value":"2026-06-03"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}