Worthington Steel starts acceptance period for Kloeckner delisting offer
Shareholders can tender shares for EUR 11.00 per share until August 12, 2026; Worthington holds about 62% of Kloeckner.
See the latest news and media coverage for Worthington Steel. We track all announcements, press releases, and industry mentions in real time, all in one place.
Processor of flat-rolled steel, electrical laminations, and tailor welded blanks
worthingtonsteel.comLast updated
In short: Worthington Steel completed its acquisition of Kloeckner & Co, reported fiscal 2026 results, and expanded its manufacturing footprint.
Shareholders can tender shares for EUR 11.00 per share until August 12, 2026; Worthington holds about 62% of Kloeckner.
Net sales increased 12% to $929.2 million, though an operating loss of $57.6 million resulted from impairments and acquisition costs; the Klöckner acquisition was completed.
It secured approximately 62% of Kloeckner's shares and will offer EUR 11.00 per share in a delisting tender offer.
The notes carry 7.750% interest and mature in 2033. Proceeds, with a new term loan, will fund the pending acquisition of Kloeckner & Co SE.
Worthington Steel, Inc. recently reported fourth-quarter 2026 results showing sales of US$929.2 million but a net loss of US$48.7 million, driven largely by US$94.5 million...
Worthington Steel, Inc. (“Worthington Steel”) (NYSE: WS), announced today that it has priced an offering (the “Offering”) of $700.0 million aggregate principal amount of 7.750...
Worthington Steel (NYSE:WS) executives highlighted progress on the company’s proposed acquisition of Kloeckner, detailed a “disciplined” third-quarter pe...
Shares of Worthington Steel (NYSE: WS) were heading lower today after the company posted solid top-line growth, but disappointing bottom-line results, as...
Track Worthington Steel and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Discover what's making headlines across other trending companies.