Worthington Steel plans to acquire Kloeckner and Co in a two point four billion dollar deal
Worthington Steel announced a 2.4 billion dollar acquisition of Kloeckner and Co to create a major industry leader. The deal is expected to close in late 2026.
Insights:
Worthington Steel Inc. , based in the US 
US, announced on Friday a plan to acquire Germany-based Kloeckner & Co SE for $2.4 billion in an all-cash transaction. This strategic move is set to create the second-largest steel service centre company in North America, with the combined entity projected to generate annual revenues exceeding $9.5 billion. The deal follows a disclosure from Kloeckner & Co SEin December 2025 that it had entered preliminary discussions regarding a potential takeover with the American firm.
US, announced on Friday a plan to acquire Germany-based Kloeckner & Co SE for $2.4 billion in an all-cash transaction. This strategic move is set to create the second-largest steel service centre company in North America, with the combined entity projected to generate annual revenues exceeding $9.5 billion. The deal follows a disclosure from Kloeckner & Co SEin December 2025 that it had entered preliminary discussions regarding a potential takeover with the American firm.The offer is structured as a voluntary tender offer in DE 
DEat a price of 11 euros per share, representing a 28% premium relative to the closing price on Thursday. Market reaction was immediate following the announcement, as shares of Kloeckner & Co SEsurged 28% to reach 10.98 euros per share by 0922 GMT on Friday. Meanwhile, shares of Worthington Steel Inc.rose more than 3% during extended trading sessions.
DEat a price of 11 euros per share, representing a 28% premium relative to the closing price on Thursday. Market reaction was immediate following the announcement, as shares of Kloeckner & Co SEsurged 28% to reach 10.98 euros per share by 0922 GMT on Friday. Meanwhile, shares of Worthington Steel Inc.rose more than 3% during extended trading sessions.
