Worthington Steel Lowers Minimum Acceptance Threshold for Kloeckner & Co Offer to 57.5%
Worthington Steel, Inc. Common Shares (WS)
Company Research
Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel (NYSE: WS) today announced that it has decided to reduce the mandatory threshold of the voluntary takeover offer for Kloeckner & Co SE (“Kloeckner”) to 57.5% and published the related amendment of the offer (the “Offer Amendment”). Worthington Steel will not increase the offer price or make any further changes to the offer.As a result of reducing the minimum acceptance threshold, the acceptance period originally expiring on March 12, 2026, will now expire on March 26, 2026.As of March 9, 2026, Worthington Steel has secured approximately 56.9% of Kloeckner's issued share capital. The consummation of the voluntary takeover offer remains subject to the fulfilment of the minimum acceptance threshold at the end of the acceptance period.Worthington Steel GmbH, the subsidiary established for the acquisition of Kloeckner, announced the intention to launch an all-cash offer at €11.00 in cash for all outstanding shares of Kloeckner on Janua
Show less
Read more
Impact Snapshot
Event Time:
WS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WS alerts
High impacting Worthington Steel, Inc. Common Shares news events
Weekly update
A roundup of the hottest topics
WS
News
- Worthington Steel to Webcast Discussion of Third Quarter 2026 Results on March 26Business Wire
- Worthington Steel (WS) was upgraded 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 "sMarketBeat
- Worthington Steel (NYSE:WS) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Worthington Steel Announces Start of Acceptance Period for All-Cash Tender Offer of €11.00 per Share to Shareholders of Kloeckner & Co SEBusiness Wire
- Worthington Steel (NYSE:WS) had its "overweight" rating reaffirmed by analysts at KeyCorp.MarketBeat
WS
Earnings
- 12/17/25 - Miss
WS
Sec Filings
- 3/10/26 - Form 8-K
- 1/22/26 - Form 8-K
- 1/8/26 - Form 10-Q
- WS's page on the SEC website