Klöckner & Co SE Signs Merger Agreement with Worthington Steel at €11 per Share
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Klöckner & Co SE has signed a merger agreement with Worthington Steel, which plans to acquire all shares at €11 each. The offer requires a minimum acceptance of 65% and is subject to regulatory approvals. Klöckner will operate independently post-merger, with no job losses anticipated. A potential dividend of up to €0.20 per share may be paid for the 2025 financial year. Worthington may also consider further actions like a squeeze-out or delisting after the offer's success.
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