Worthington Steel Announces Start of Acceptance Period for All-Cash Tender Offer of €11.00 per Share to Shareholders of Kloeckner & Co SE
Worthington Steel, Inc. Common Shares (WS)
Company Research
Source: Business Wire
Highlights:Following approval by BaFin, Worthington Steel GmbH has published the offer document for its voluntary public tender offer for Kloeckner & Co SEThe acceptance period, during which Kloeckner & Co shareholders can tender their shares for an all-cash consideration of €11.00 per share, commences today and ends on March 12, 2026The offer provides Kloeckner & Co shareholders with an attractive opportunity to realize the value of Kloeckner at a significant premium of 98% to the undisturbed three-month volume-weighted average share price on December 5, 2025, subject to the terms and conditions set out in the offer documentKloeckner & Co’s Management Board and Supervisory Board have stated that they welcome the offer and, subject to their review of the Offer Document, intend to recommend acceptance by Kloeckner's shareholdersSWOCTEM GmbH, Kloeckner & Co’s largest shareholder, has irrevocably committed to tender its shares into the offer, providing strong shareholder support COLUM
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News
- Worthington Steel (WS) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=WS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "buy" to MarketBeat
- Worthington Steel, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesGlobeNewswire
- Worthington Steel Exceeds Minimum Acceptance Threshold for Kloeckner & Co Offer; Additional Acceptance Period Available Until April 14, 2026Business Wire
- Worthington Steel Recognized as a Columbus Top Workplace for 14th Consecutive YearBusiness Wire
- Worthington Steel (WS) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=WS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "strong-bMarketBeat
WS
Earnings
- 3/25/26 - Miss
WS
Sec Filings
- 4/9/26 - Form 10-Q
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- WS's page on the SEC website