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31.03.26 - 14:18
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Worthington Steel Exceeds Minimum Acceptance Threshold for Kloeckner & Co Offer; Additional Acceptance Period Available Until April 14, 2026 (Business Wire)
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COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel (NYSE: WS) today announced the result of the initial acceptance period of its voluntary public tender offer for Kloeckner & Co SE.
At the expiration of the initial acceptance period on March 26, 2026, the minimum acceptance threshold of 57.5% has been exceeded and the corresponding offer condition has been satisfied. Worthington Steel has secured approximately 58.8% of Kloeckner & Co's issued share capital, including shares tendered into the offer and shares or other instruments providing voting rights in Kloeckner acquired by Worthington Steel GmbH, a wholly owned subsidiary of Worthington Steel.
Kloeckner shareholders who have not yet accepted the offer may do so during the additional acceptance period, which will commence on April 1, 2026 and expire on April 14, 2026 at 24:00 hours (local time Frankfurt am Main).
“We are pleased with the strong support from shareholders during the initial acceptance period, which brings us an important step closer t...
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27.03.26 - 15:54
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Ad-hoc News: Klöckner & Co SE (EQS)
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Klöckner & Co SE: Worthington Steel teilt Absicht zum Abschluss eines Beherrschungs- und Gewinnabführungsvertrags mit Klöckner & Co SE mit...
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25.03.26 - 21:18
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Worthington Steel Reports Third Quarter Fiscal 2026 Results (Business Wire)
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COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2026 third quarter ended February 28, 2026.
Third Quarter Highlights (all comparisons to the third quarter of fiscal 2025):
Net sales of $769.8 million increased 12% compared to $687.4 million.
Operating income of $3.1 million compared to $18.3 million.
Net earnings attributable to controlling interest of $10.4 million compared to $13.8 million.
Net earnings per diluted share attributable to controlling interest of $0.20 compared to $0.27; adjusted net earnings per diluted share attributable to controlling interest of $0.27 compared to $0.35.
Adjusted EBIT of $20.0 million compared to $25.3 million.
Entered into a Business Combination Agreement with Kloeckner & Co SE (“Kloeckner”) (XETR: KCO), a German-based metals processor with operations in Europe and North America. Under the agreement, Worthington Steel launched a voluntary pu...
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