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Worthington Steel Announces Its Proposed Domination And Profit And Loss Transfer Agreement With Kloeckner & Co Failed To Receive Shareholders' Approval At Kloeckner & Co; Domination And Profit And Loss Transfer Agreement To Not Become Effective

Oct 23, 2026 · 11:37 AM ET· updated 1h ago

Worthington Steel, Inc. (NYSE:WS) today announced that the proposed domination and profit and loss transfer agreement ("DPLTA") between Kloeckner & Co SE ("Kloeckner") and Worthington Steel GmbH, a

Why It Matters

Worthington Steel's plan to merge with Kloeckner failed to get shareholder votes. When a big business deal falls apart, watch for what the company does next.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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