Worthington Steel sets terms ahead of Kloeckner shareholder vote

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Go back to Worthington Steel sets terms ahead of Kloeckner shareholder vote

Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting

October 21, 2026 2:53 AM EDT

COLUMBUS, Ohio--(BUSINESS WIRE)-- In relation to the upcoming extraordinary general meeting (EGM) of Klöckner & Co SE (Kloeckner) and in response to investor inquiries, especially as it concerns the vote on the implementation of a domination and profit and loss transfer agreement (DPLTA), Worthington Steel, Inc. (NYSE: WS) makes the following statement:

The EGM will take place as planned on Friday, Oct. 23, 2026, in Düsseldorf, Germany, including agenda item two, the vote on the implementation of a DPLTA.

Should the vote on the DPLTA not achieve the required 75% majority of the... More