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An announcement from Worthington Steel, Inc. ( (WS) ) is now available.
On March 31, 2026, Worthington Steel reported that its voluntary public cash takeover offer for German steel and metal processor Klöckner & Co SE cleared the 57.5% minimum acceptance threshold, securing about 58.8% of Klöckner’s share capital by the end of the initial acceptance period on March 26. Klöckner’s management and supervisory boards have deemed the €11-per-share all-cash offer, launched in January at a 98% premium to the prior three-month average price, attractive and recommended that shareholders tender, while an additional acceptance period runs from April 1 to April 14, 2026.
Worthington Steel plans, after expected closing in the second half of 2026 and subject to regulatory approvals, to pursue a domination and profit and loss transfer agreement with Klöckner and may consider structural steps such as a potential delisting or squeeze-out of minority shareholders. The transaction would unite one of North America’s most trusted metals processors with one of Europe’s leading producer-independent steel and metal service center groups, potentially expanding Worthington Steel’s geographic reach, service portfolio and higher value-added processing capabilities in both North America and Europe.
The most recent analyst rating on (WS) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Worthington Steel, Inc. stock, see the WS Stock Forecast page.
Spark’s Take on WS Stock
According to Spark, TipRanks’ AI Analyst, WS is a Neutral.
The score is held back most by weak technicals (price below major moving averages, negative MACD, low RSI) and an expensive earnings multiple for a cyclical business. Fundamentals are workable but uneven—positive profitability and cash flow are offset by cyclical margin pressure and balance-sheet data consistency concerns. The earnings call adds some support via strategic and operational progress, but near-term volatility, costs, and working-capital pressure temper the outlook.
To see Spark’s full report on WS stock, click here.
More about Worthington Steel, Inc.
Worthington Steel, Inc. is a North American metals processor specializing in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions, with value-added capabilities such as galvanizing, pickling and specialty cold reduction. Headquartered in Columbus, Ohio, the company operates 37 facilities across seven U.S. states and 10 countries, employing about 6,000 people and focusing on technical, customized and sustainability-oriented steel solutions.
Average Trading Volume: 312,629
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.46B
See more insights into WS stock on TipRanks’ Stock Analysis page.