Kloeckner board takes neutral stance on Worthington Steel’s EUR 11-a-share delisting offer

Reuters2026/07/22 06:07

By:Reuters

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Worthington Steel launched a EUR 11 per share offer to buy Klöckner & Co shares to support a planned delisting.
The offer has no closing conditions; the delisting is expected to take effect immediately when the offer period ends.
Worthington Steel already holds about 62%, raising the risk of sharply reduced trading liquidity once the listing is withdrawn.
The offer period is expected to run through Aug. 12, 2026.
Worthington Steel has also flagged plans for a control and profit-transfer agreement, which could later include a cash exit at an undetermined price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Klöckner & Co. SE published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2369512_de) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kloeckner board takes neutral stance on Worthington Steel’s EUR 11-a-share delisting offer

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