M&A
confidence high
sentiment neutral
materiality 0.50
Worthington Steel begins acceptance period for delisting tender offer of Kloeckner at EUR 11.00/share
Worthington Steel, Inc.
- Cash consideration of EUR 11.00 per Kloeckner share; acceptance period runs July 15 to August 12, 2026.
- Worthington Steel currently holds approximately 62% of Kloeckner's outstanding shares.
- Delisting Offer is not subject to any closing conditions or minimum acceptance threshold.
- Following delisting, Kloeckner shares will no longer trade on a regulated market, reducing liquidity.
- Offer document approved by German regulator Bafin; details available at www.strong-for-good.com.