Worthington Steel opens EUR 11 per share tender offer for Kloeckner in delisting push
WS•Ownership and offer terms
Worthington Steel holds about 62% of Kloeckner following the completion of a takeover offer on June 3, 2026.
The offer has no closing conditions or minimum acceptance threshold.
Trading and liquidity outlook
Kloeckner shares are expected to lose regulated-market trading status in Germany, raising the risk of reduced liquidity and weaker price discovery.
Tender offer for remaining Kloeckner shares
Worthington Steel opened a tender offer for the remaining Kloeckner & Co shares it does not already own, offering EUR 11 per share.
The acceptance period runs from July 15, 2026 to August 12, 2026.
