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Worthington Steel, Inc. Announces Kloeckner Shareholders Reject Domination and Profit and Loss Transfer Agreement, Retaining 62% Stake
Source: Nasdaq
M&A & Restructuring
The proposed domination and profit-and-loss transfer agreement between Kloeckner & Co SE and Worthington Steel GmbH, an indirectly wholly owned Worthington Steel subsidiary, failed to receive the required shareholder approval at Kloeckner & Co. The available report provides no further details on the vote or the agreement’s next steps.
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