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Worthington Steel Kloeckner: Shareholder’s Strong Surrender

Worthington Steel secures majority control of Kloeckner & Co. The tender offer drew 58.8% acceptance, exceeding the 57.5% threshold. An additional period runs through April 14. The €11.00 per share offer is a 98% premium. A domination agreement & potential delisting follow. Regulatory approvals expected in second half 2026.

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