Worthington Steel (WS) loses a Kloeckner vote on a control...

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2026-10-23 19:07:08 - Translate -

Worthington Steel (WS) loses a Kloeckner vote on a control agreement but keeps its 62% stake

Kloeckner shareholders withheld the approval a domination and profit transfer agreement needed, so Worthington Steel, Inc. (WS) must run its majority-owned German distributor under the current governance setup. Consolidation and financing stay unchanged. Worthington Steel, Inc. (WS) failed to win approval for a domination and profit and loss transfer agreement with Kloeckner & Co SE. The...

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