Klöckner signs control deal: Klöckner stock stands 21.09 percent above offer

Published on 10/02/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 sales rose 3.00 percent to EUR 1.70 billion, and earnings reached EUR 63 million. Klöckner stock costs EUR 13.32 on October 2, 2026 after EUR 13.25.

Editorialfoto eines Trading-Floors mit Börsencharts, Symbolbild für Klöckner & Co (DE000KC01000) — Börsen-Editorial mit Trading-Floor symbolisiert die Notierung von Klöckner & Co, ISIN DE000KC01000, in Frankfurt, Illustration mit AI erstellt.

Klöckner (ISIN DE000KC01000) was trading at EUR 13.32 at Lang & Schwarz on October 2, 2026 at 12:58 p.m. CEST, up 0.53 percent from the EUR 13.25 prior close. According to Spruchverfahren-direkt on September 10, 2026, Klöckner and Worthington Steel signed a control and profit transfer agreement on September 8, with a EUR 11.00 cash settlement per share and EUR 0.67 annual compensation payment. That places the Lang & Schwarz price 21.09 percent above the stated cash settlement.

Control agreement sets the next date

The agreement still requires shareholder approval. The same notice says Klöckner's shareholders are scheduled to vote on October 23, 2026, while the registration of the agreement is intended to occur no earlier than January 1, 2027.

The structure matters because the EUR 11.00 settlement is below the current market price. The EUR 0.67 compensation payment, by contrast, is a recurring figure tied to each full financial year under the agreement.

Second-quarter figures show the pressure

According to Quartr on September 7, 2026, second-quarter 2026 sales reached EUR 1.70 billion, up 3.00 percent year over year. EBITDA before material special effects reached EUR 63 million, while net income was negative EUR 269 million after a EUR 151 million impairment charge related to Becker Group.

For the first half of 2026, EBITDA before material special effects totaled EUR 109 million, compared with EUR 107 million in the first half of 2025. Full-year 2026 guidance calls for EBITDA before material special effects of EUR 170 million to EUR 250 million, giving the market a wide operating range to assess alongside the takeover structure.

Trading range and reporting date

Klöckner's 52-week range stood at EUR 5.11 to EUR 13.96 as of September 29, 2026. Simply Wall St lists November 4, 2026 as the next reporting date, placing the next scheduled results milestone after the shareholder vote.

The Lang & Schwarz quote was EUR 13.32 on October 2, 2026 at 12:58 p.m. CEST, plus 0.53 percent versus the EUR 13.25 prior close on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Klöckner stock.