Worthington Steel signs domination and profit transfer agreement with Kloeckner

Worthington Steel, Inc.

DPLTA: Worthington Steel GmbH to control Kloeckner, absorb profits/losses; effective no earlier than Jan 1, 2027.
Outside Kloeckner shareholders get EUR 11.00/share cash or EUR 0.67 annual payment (gross) per share.
Requires approval by at least 75% of share capital at Kloeckner EGM expected Oct 23, 2026.
Follows Worthington takeover offer completed June 3, 2026 and Kloeckner delisting from Frankfurt on Aug 12, 2026.
Registration with German commercial register needed; shareholder litigation could delay effectiveness.

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