Worthington Steel lowers acceptance threshold for Kloeckner takeover to 57.5%
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Worthington Steel Lowers Minimum Acceptance Threshold for Kloeckner & Co Offer to 57.5%
March 10, 2026 7:43 AM EDTCOLUMBUS, Ohio--(BUSINESS WIRE)-- Worthington Steel (NYSE: WS) today announced that it has decided to reduce the mandatory threshold of the voluntary takeover offer for Kloeckner & Co SE (Kloeckner) to 57.5% and published the related amendment of the offer (the Offer Amendment). Worthington Steel will not increase the offer price or make any further changes to the offer.
As a result of reducing the minimum acceptance threshold, the acceptance period originally expiring on March 12, 2026, will now expire on March 26, 2026.
As of March 9, 2026, Worthington Steel has secured approximately 56.9% of Kloeckner's issued share capital. The... More
