AcquisitionsMay 27, 2026, 06:32 AM
Worthington Steel Gets Final Clearance for Kl ckner Acquisition
AI Summary
Worthington Steel, Inc. announced that the German Federal Cartel Office granted merger control clearance for its acquisition of Kl ckner & Co SE on May 27, 2026. This clearance fulfills the final regulatory condition for the business combination agreement, under which Worthington Steel GmbH (BidCo) offered 11.00 per Kl ckner Share. With all conditions now satisfied, the company expects to consummate the Kl ckner Acquisition on June 3, 2026.
Key Highlights
- German Federal Cartel Office granted merger control clearance on May 27, 2026.
- This was the final regulatory condition for the Kl ckner Acquisition.
- Worthington Steel expects to consummate the acquisition on June 3, 2026.
- The initial takeover offer was 11.00 per Kl ckner Share.
- The business combination agreement was entered into on January 15, 2026.
- The offer closed on April 14, 2026, after the additional acceptance period.
Price Impact
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