Worthington Steel Offers €11/share for Kloeckner SE

By Hao Liu • Wednesday, July 15 10:55 • Permanent Link

Worthington Steel opened the acceptance period for its public delisting tender offer for Kloeckner & Co SE, giving remaining shareholders until Aug. 12, 2026, at 24:00 Frankfurt time to tender shares for cash.

The offer price is €11.00 per Kloeckner share. Worthington Steel said it already owns about 62% of Kloeckner’s outstanding shares, after completing its voluntary public takeover offer on June 3, 2026.

If the delisting goes through, Kloeckner shares will no longer trade on a regulated market in Germany or on a comparable market abroad. Worthington Steel said the delisting offer has no minimum acceptance threshold and is not subject to closing conditions.

Kloeckner reported sales of about €6.4 billion in fiscal 2025. The company operates around 110 warehouse and processing locations, serves more than 60,000 customers, and has more than 6,000 employees. Worthington Steel said it has approximately 6,000 employees and operates 37 facilities in seven states and 10 countries. Today the company's shares have moved 1.52% to a price of $34.455. Check out the company's full 8-K submission here.

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