Worthington Steel Bids for Klöckner & Co SE

On February 5, 2026, Worthington Steel GmbH announced a voluntary public takeover offer for Klöckner & Co SE. The proposed cash offer targets all no-par value registered shares of Klöckner, a Düsseldorf-based entity. Current shareholders can access the Offer Document online or obtain free copies in Germany via BNP Paribas' Frankfurt office. This offer follows the German Securities Acquisition and Takeover Act, with stipulations under U.S. securities laws applying where relevant.

While the announcement highlights intentions and plans expressed by the Bidder, it also includes forward-looking statements subject to uncertainties. Notably, Worthington Steel reserves the right to purchase Klöckner shares outside the formal offer, barring actions within the U.S. This bid aligns with German legal standards, differing from U.S. requirements. Stakeholders are encouraged to consult the Offer Document for detailed terms and conditions.