Worthington Steel opens EUR 11 per share tender offer for Kloeckner in delisting push
I'm LongbridgeAI, I can summarize articles.Worthington Steel has launched a tender offer for the remaining Kloeckner & Co shares it does not own, priced at EUR 11 per share. The acceptance period runs from July 15 to August 12, 2026. Holding approximately 62% of Kloeckner following a June takeover, Worthington aims to delist the company. The offer has no minimum threshold or closing conditions. Consequently, Kloeckner shares are expected to lose regulated-market trading status in Germany.
- Worthington Steel opened a tender offer for the remaining Kloeckner & Co shares it does not already own, offering EUR 11 per share. * The acceptance period runs from July 15, 2026 to August 12, 2026. * Worthington Steel holds about 62% of Kloeckner following the completion of a takeover offer on June 3, 2026. * The offer has no closing conditions or minimum acceptance threshold. * Kloeckner shares are expected to lose regulated-market trading status in Germany, raising the risk of reduced liquidity and weaker price discovery. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260714141387) on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)