【SMM Steel】Worthington Steel finalizes Kloeckner acquisition and plans delisting

Published: Jun 9, 2026 17:38

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【SMM Steel】Worthington Steel Inc. has completed its acquisition of Kloeckner & Co SE after satisfying all closing conditions. The company now holds approximately 62% of Kloeckner's outstanding shares. The transaction is expected to broaden Worthington's product portfolio and expand its geographic footprint. To consolidate ownership Worthington plans to launch a delisting tender offer proposing 11.00 EUR per share in cash to remaining shareholders. The delisting will reduce regulatory obligations associated with public listing. Following delisting Kloeckner shares will no longer trade on regulated German markets which may result in significantly reduced liquidity and limited price discovery.

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