on Klöckner & Co. SE (ETR:KCO)
Worthington Steel's Successful Takeover of Klöckner & Co: Key Details
Worthington Steel has successfully acquired 58.8% of Klöckner & Co SE's shares, surpassing the required 57.5% minimum threshold. This milestone was achieved by the end of the initial acceptance period on March 26, 2026. An additional acceptance period is set from April 1 to April 14, 2026, allowing shareholders to tender their shares at €11.00 per share.
The transaction awaits regulatory approvals, with closure anticipated in the latter half of 2026. The CEO of Klöckner & Co, Guido Kerkhoff, highlighted the strategic alignment with Worthington Steel and the opportunity for sustainable growth across Europe and North America.
Details on acceptance procedures are available at www.strong-for-good.com, and shareholders should contact their custodian banks regarding internal deadlines. Full transaction completion depends on receiving necessary regulatory clearances.
R. E.
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