Worthington Steel jumps after agreeing to buy Kloeckner in $2.4 bln deal
ReutersJan 16, 2026 2:04 PM
Worthington Steel WS.N up 5.2% at $40.80 premarket
Late on Thursday co announced it will buy its German peer Kloeckner & Co KCOGn.DE in $2.4 billion all-cash deal
Kloeckner shares jump 25% premarket after announcement
Combined entity expected to generate about $9.5 bln in revenue, WS said
Kloeckner operates over 100 sites across North America and Europe, offering carbon flat-roll, electrical steel and aluminum
Deal expected to close in second-half of 2026
WS stock rose 25% over the past year
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