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 (NYSE:WS) had its "overweight" rating reaffirmed by analysts at KeyCorp.MarketBeat
- Worthington Steel (NYSE:WS) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Worthington Steel to Acquire Kloeckner & CoBusiness Wire
- Worthington Steel (NYSE:WS) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Worthington Steel: Good Execution, But The Easy Money Has Been Made [Seeking Alpha]Seeking Alpha
WS
Earnings
- 12/17/25 - Miss
WS
Sec Filings
- 1/22/26 - Form 8-K
- 1/8/26 - Form 10-Q
- 12/19/25 - Form 8-K
- WS's page on the SEC website