Kloeckner board issues neutral stance on Worthington Steel’s EUR 11 delisting offer
WS•Offer terms and expected timing
The offer price is set at EUR 11 per share, and Worthington Steel already holds about 62% of shares.
The offer has no completion conditions. The delisting is expected to take effect immediately when the acceptance period ends on Aug. 12, 2026.
Liquidity and disclosure warning
Klöckner warned that post-delisting trading liquidity is likely to drop sharply, and transparency and disclosure obligations are set to fall away.
Board takes neutral view on delisting offer
Klöckner & Co board response to Worthington Steel’s delisting offer stayed neutral, citing an inability to recommend acceptance or rejection.
The boards concluded the delisting supports integration plans, a simpler structure, greater strategic flexibility, and a focus on higher value-added products and services.
