Klöckner & Co SE Launches Delisting Tender Offer by Worthington Steel

Worthington Steel GmbH, an indirect subsidiary of Worthington Steel, Inc., has announced a public delisting tender offer for Klöckner & Co SE shares. The offer is set at €11.00 per no-par value registered Klöckner-Share. Notably, this Delisting Offer comes with no completion conditions. It aims to acquire all outstanding shares of Klöckner & Co SE.

Earlier this year, the Management Board of Klöckner & Co SE indicated its willingness to support a potential delisting. This is contingent upon fulfilling fiduciary duties and acting in the best interest of the Company and its stakeholders. However, the Management Board and Supervisory Board will review the offer thoroughly before making an official response.

A detailed statement on the Offer Price and content will follow post-review by the company's Board, aligning with their responsibilities to shareholders and employees.