secwatch.observer — SEC 8-K summary
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Issuer:     Worthington Steel, Inc. (WS)
CIK:        0001968487
Form:       8-K
Filed at:   2026-06-03T10:47:52+00:00
Accession:  0001193125-26-254547
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/0001193125-26-254547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968487/000119312526254547/d31520d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-254547

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