Klöckner's Management, Supervisory Boards Issue Neutral Statement on Worthington Offer

03:23 AM EDT, 07/22/2026 (MT Newswires) -- The management and supervisory boards of Klöckner & Co. (KCO.F) issued a neutral statement regarding the public delisting tender offer from Worthington Steel Inc.'s Worthington Steel GmbH. The boards independently concluded that they are unable to make a recommendation to shareholders on whether to accept or reject the offer. The boards noted that the delisting is in the best interests of the company and regarded Worthington Steel's stated intentions as broadly positive. The acceptance period for the offer is scheduled to close on Aug. 12. The delisting is expected to become effective at the expiry of the acceptance period.