US metal processing company Worthington Steel is moving forward with its acquisition of German steel distributor Klöckner & Co SE, lowering its minimum acceptance percentage to 57.5% and extending the deadline to March 26, 2026. 

Worthington currently holds about 56.9% of the shares, leaving only 0.6 percentage points needed to meet the requirement, and stated that it will not raise the offer price.

Headquartered in Columbus, Ohio, Worthington operates 37 plants and employs approximately 6,000 people. Kloeckner has approximately 110 warehousing and processing locations in North America and German-speaking regions. If the transaction is completed, it will expand Worthington's presence in the European and American steel distribution markets.