on Klöckner & Co. SE (ETR:KCO)
Klöckner & Co SE Backs Worthington Steel's Takeover Bid
Klöckner & Co SE's Management and Supervisory Boards recommend shareholders to accept Worthington Steel's takeover offer at €11.00 per share. This offer represents a 98% premium on the three-month average share price as of December 5, 2025. The boards deem the offer attractive and in the best interest of stakeholders after consulting financial advisors from Goldman Sachs Bank and Deutsche Bank.
The acceptance period for the offer ends on March 12, 2026. Klöckner & Co will retain independent operations, with no plans for site closures or layoffs. Worthington Steel intends to maintain the company's management structure and headquarters in Düsseldorf, ensuring continuity.
This strategic move seeks to enhance market presence in Europe and North America, aligning with Worthington Steel's support for Klöckner & Co's growth strategy in value-added products and services.
R. P.
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