Klöckner stock fell 3.73 percent before the control vote

Published on 10/04/2026 at 22:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Klöckner stock traded at EUR 12.90 in Hamburg on October 2, 2026, 17.27 percent above Worthington Steel's EUR 11.00 offer. The DPLTA vote is set for October 23.

Fotorealistisches Stahllager mit Coils und Kran, Symbolbild für Klöckner & Co (DE000KC01000) — Fotorealistisches Motiv zeigt ein Stahllager der Klöckner & Co, ISIN DE000KC01000, mit Coils und Kran, Illustration mit AI erstellt.

Klöckner (ISIN DE000KC01000) fell 3.73 percent to EUR 12.90 in Hamburg on October 2, 2026, leaving the stock 17.27 percent above Worthington Steel's EUR 11.00 offer. The next decisive date is the shareholder vote on the domination and profit and loss transfer agreement, scheduled for October 23, 2026, according to Business Wire on September 8, 2026.

Control deal sets the next test

Worthington Steel signed the domination and profit and loss transfer agreement through its wholly owned subsidiary Worthington Steel GmbH. The agreement requires approval by at least 75 percent of the share capital represented at the Klöckner meeting, while registration with the commercial register would be required before the arrangement could take effect, at the earliest on January 1, 2027.

The transaction follows Worthington Steel's voluntary takeover offer, completed on June 3, 2026, and the delisting of Klöckner shares from the regulated Frankfurt market on August 12, 2026, as Investing.com reported on September 8, 2026. That changes the investment case from a conventional listed-company story toward the terms and timetable of the control process.

EUR 11.00 offer faces a higher market price

The October 2 Hamburg quotation of EUR 12.90 was EUR 1.90 above the EUR 11.00 offer, a difference of 17.27 percent. The gap is the central market signal: shareholders are valuing the remaining process above the announced cash consideration, while the agreement still requires the formal vote and later registration.

Deutsche Bank maintained a Hold recommendation and an EUR 11.00 price target in the September 10 report cited by 4investors. The target matches the offer, so the distance between the market price and the proposed consideration is more important than a standard earnings multiple for the next stage of the story.

Stock fell before the October vote

Klöckner stock was last quoted at EUR 12.90 in Hamburg on October 2, 2026, at 5:57 p.m. CEST. The 3.73 percent daily decline brought the price below the EUR 13.00 level, but it remained EUR 1.90 above the offer that underpins the control agreement.