Klöckner says delisting deal with Worthington Steel streamlines structure, boosts strategic flexibility

Worthington Steel, Inc.

Worthington Steel, Inc.

WS

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  • Klöckner & Co backed a planned integration with Worthington Steel, citing simpler structures and greater strategic flexibility as a result of delisting.
  • Boards issued a neutral stance on the € 11 per-share delisting offer, citing limits on recommending acceptance or rejection.
  • Offer has no conditions; delisting expected to take effect immediately when the acceptance period ends on Aug. 12, 2026.
  • Worthington Steel holds about 62%; post-delisting trading liquidity expected to drop sharply, with reduced disclosure obligations.
  • Worthington Steel also flagged a possible domination and profit and loss transfer agreement, which could later trigger separate cash compensation for minorities.


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