DelistingJul 15, 2026, 07:31 AM
Worthington Steel Opens Kloeckner Delisting Offer at EUR 11.00/Share
AI Summary
Worthington Steel, Inc. announced the opening of the acceptance period for its public delisting tender offer for all outstanding shares of Klöckner & Co SE not already held by Worthington Steel. The offer, approved by the German Federal Financial Supervisory Authority (BaFin), allows Klöckner shareholders to tender their shares for EUR 11.00 per share. The acceptance period is from July 15, 2026, to August 12, 2026, and the offer has no closing conditions or minimum acceptance threshold. Worthington Steel currently owns about 62% of Klöckner.
Key Highlights
- Worthington Steel opened the acceptance period for the public delisting tender offer for Klöckner & Co SE shares.
- The offer price is EUR 11.00 per Klöckner share in cash.
- The acceptance period runs from July 15, 2026, to August 12, 2026.
- Worthington Steel currently holds approximately 62% of Klöckner's outstanding shares.
- The delisting offer is not subject to any closing conditions or minimum acceptance threshold.
- Following delisting, Klöckner shares will no longer trade on a regulated market, potentially reducing liquidity.
Price Impact
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