Worthington Steel Announces Start of Acceptance Period for Public Delisting Tender Offer for Kloeckner & Co SE
Worthington Steel, Inc. (NYSE: WS) today announced the opening of the acceptance period for the Public Delisting Tender Offer (“Delisting Offer”) for all outstanding shares of Kloeckner & Co SE (“Kloeckner”) not already held by Worthington Steel, following approval of the offer document for the Delisting Offer (the “Delisting Offer Document”) by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “Bafin”) and publication in accordance with the German Securities Acquisition and Takeover Act (WpÜG).
Starting today, Kloeckner shareholders can accept the Delisting Offer by tendering their shares for a cash consideration of EUR 11.00 per Kloeckner share. The acceptance period runs from July 15, 2026 to August 12, 2026, 24:00 hrs (Frankfurt am Main local time) / 18 hrs (New York local time).
Worthington Steel currently holds approximately 62% of Kloeckner’s outstanding shares following the completion of its Voluntary Public Takeover Offer on June 3, 2026. The Delisting Offer provides remaining Kloeckner shareholders with an additional opportunity to tender their shares for cash consideration.
