Worthington Steel Announces German Federal Cartel Office Approval Of Klöckner Acquisition

Worthington Steel, Inc.

Worthington Steel, Inc.

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On May 27, 2026, the German Federal Cartel Office granted merger control clearance in Germany for the Klöckner Acquisition, which was the final Regulatory Condition required for the closing of the Klöckner Acquisition. Accordingly, all conditions set forth in the offer document have been satisfied and the Company and BidCo expect to consummate the Klöckner Acquisition on June 3, 2026.