Worthington Steel to Acquire Kloeckner & Co for €11 Per Share
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Worthington Steel has agreed to acquire Kloeckner & Co for €11 per share, with the largest shareholder, SWOCTEM GmbH, supporting the offer. The transaction is expected to close in the second half of 2026, pending certain conditions. Worthington Steel will finance the acquisition through cash and new debt, with commitments already secured. Kloeckner's management supports the deal, and current leadership will remain post-transaction.
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