On Jan. 15, 2026, Worthington Steel announced that it entered into a Business Combination Agreement with Kloeckner & Co (XETR: KCO), a German-based metals processor with operations in Europe and North America. Under the agreement, Worthington Steel intends to launch a voluntary public tender offer for all outstanding shares of Kloeckner. Additional information regarding the proposed transaction, including the official offer documents and related announcements, is available on the dedicated Offer Site.