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Worthington Steel lowers threshold for Kloeckner offer

PUBLIC · WORMar 10, 2026

Acquiring Company

Worthington Steel GmbH

Acquired Company

Klöckner & Co SE

ColumbusDusseldorfManufacturingEnergyManufacturingMiningPrecious Metals

Description

Worthington Steel has reduced the minimum acceptance threshold for its voluntary takeover offer for Kloeckner & Co to 57.5%. As of March 9, 2026, Worthington has secured approximately 56.9% of Kloeckner's issued share capital. This amendment extends the acceptance period until March 26, 2026. The offer includes an all-cash offer at €11.00 per share.

Company Information

Company

Worthington Steel GmbH

Location

Columbus, Ohio, United States

About

Worthington Steel is a leading player in the metal processing sector. The company focuses on providing high-quality steel products and value-added processing. With a strong presence in North America, it has been enhancing its offerings through strategic acquisitions. Worthington Steel aims to drive operational excellence and shareholder value.

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Frequently asked

Who acquired Klöckner & Co SE?

Klöckner & Co SE was acquired by Worthington Steel GmbH, based in Columbus. The deal was reported on March 10, 2026. Worthington Steel is a leading player in the metal processing sector. The company focuses on providing high-quality steel products and value-added processing. Worthington Steel GmbH is publicly traded (WOR) and operates in Manufacturing.

When did Worthington Steel GmbH acquire Klöckner & Co SE?

Worthington Steel GmbH's acquisition of Klöckner & Co SE was reported on March 10, 2026. Worthington Steel has reduced the minimum acceptance threshold for its voluntary takeover offer for Kloeckner & Co to 57.5%. As of March 9, 2026, Worthington has secured approximately 56.9% of Kloeckner's issued share capital. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Klöckner & Co SE do?

Klöckner & Co SE is a global leader in steel and metal distribution and services with a strong presence in Europe and North America. It is privately held, operating in Manufacturing, and is based in Dusseldorf.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.