---
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"
generated_at: "2026-06-03T10:50:11.766461+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel completes €576M acquisition of Kloeckner & Co, secures ~62% stake

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-254547
- JSON: https://secwatch.observer/filing/0001193125-26-254547.json
- Plain text: https://secwatch.observer/filing/0001193125-26-254547.txt

## Key facts
- M&A Transactions
  Worthington Steel, Inc. completed an acquisition involving Klöckner & Co SE for €11.00 per Klöckner Share (closed 2026-06-03).
  - Action: acquisition
  - Counterparty: Klöckner & Co SE
  - Consideration: €11.00 per Klöckner Share
  - Closing: 2026-06-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/0001193125-26-254547-index.htm

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