KCO.DE Stock Today: January 16 €11 Worthington Steel Bid Lifts Shares 29%
KCO.DE stock surged about 29% today to €11.00 after Worthington Steel launched a voluntary takeover at €11 per share. The offer is backed by Klöckner’s board and requires at least 65% acceptance, with 41.5% shareholder Swoctem supporting. The KCO.DE stock was the SDAX top gainer as traders priced in the deal. Investors in Germany now weigh completion risk, potential squeeze-out or delisting scenarios, and a targeted closing in the second half of 2026. We outline the key numbers, risks, and what to watch next.
Why shares spiked and what changed
Worthington Steel’s €11.00 cash bid lifted KCO.DE stock quickly to the offer level, implying a c. 30.2% premium to yesterday’s €8.45 close. Intraday, the share traded between €10.92 and €11.16 after opening at €11.06. Volume soared to 13.54 million versus a 227,000 average, underscoring broad participation. The jump also set a fresh 52‑week high, eclipsing the prior €8.90 level.
Klöckner’s management supports the deal, and Swoctem’s 41.5% stake commitment lowers acceptance risk toward the 65% threshold. That backing helped propel KCO.DE stock to the offer price and made it today’s SDAX top gainer. German media confirmed the move and market response: see detailed reports from FAZ.
Implications for shareholders
Holders can tender at €11 or wait. If the bidder secures a very high majority, a squeeze-out or delisting is possible, which could limit liquidity. KCO.DE stock may trade near the offer with a small discount reflecting risk. The companies guide to closing in H2 2026, but timing depends on approvals and acceptance. No higher offer is visible today.
Key risks include reaching the 65% minimum acceptance, regulatory reviews in relevant jurisdictions, financing, and integration planning. Delays can widen the spread below €11. Conversely, more commitments could tighten it. For background on the Worthington Steel bid and management stance, see t‑online.
Valuation check and upcoming catalysts
Before the bid, KCO.DE stock traded at low multiples: price-to-book about 0.56 and price-to-sales near 0.13. Earnings were negative (EPS −1.02), while the TTM dividend yield stood around 2.32% with €0.20 per share. These figures explain why a cash offer near book value drew attention. The deal reframes valuation around the €11 cash price.
Klöckner plans to report results on 11 March 2026. Our Meyka Stock Grade is B (Score 62, HOLD), while the fundamental company rating reads C+ (Sell). KCO.DE stock could track deal headlines more than earnings, but updates on margins, cash flow, and leverage still matter for any competing bids or closing confidence.
Trading setup and technical picture
RSI sits at 70.62, flagging overbought conditions, while ADX at 49.06 signals a strong trend. Price jumped far above the Bollinger upper band (9.33), indicating a potential short-term pullback. ATR of 0.32 points to heightened intraday swings. KCO.DE stock may consolidate around the €11 mark as arbitrage flows replace momentum traders.
Day range was €10.92 to €11.16, with the prior 50-day average at €6.95 and 200-day at €6.35. This gap shows a regime change after the bid. The MACD histogram is slightly negative (−0.05), hinting at slowing momentum. Watch any sustained break below €10.92 or firming above €11.16 for near-term direction.
Final Thoughts
Today’s 29% jump anchors KCO.DE stock near the €11 cash offer from Worthington Steel. With board support and Swoctem’s 41.5% commitment, acceptance risk is lower, but not removed. Until completion, the share will likely trade around the offer with a discount or small premium based on headlines and market tone. Practical steps for investors in Germany: review your average cost, decide on a tender plan, and track formal offer documentation, acceptance updates, and regulatory milestones. Also note the 11 March 2026 earnings date for any signals on operations or potential competing interest. If uncertainty widens the spread, reassess risk and timeline. If commitments rise, expect tighter pricing toward €11.
FAQs
Why did KCO.DE stock jump today?
The move follows a €11 per share voluntary takeover from Worthington Steel, backed by Klöckner’s board and supported by 41.5% shareholder Swoctem. The offer implies roughly a 30% premium to the prior €8.45 close, pushing the share to the offer level and making it the SDAX top gainer today.
What does the €11 offer mean for shareholders?
You can tender your shares for €11 cash or hold and wait. If the buyer reaches a high ownership threshold, a squeeze-out or delisting could follow. Until completion, the stock may trade near €11 with a spread that reflects acceptance, regulatory, and timing risks.
What are the main risks to the Worthington Steel bid?
The key risks are achieving the 65% minimum acceptance, securing necessary regulatory approvals, maintaining financing, and integration execution. Any delay or shortfall can widen the discount to €11. More shareholder commitments and approvals can tighten the spread toward the offer price.
When could the Klöckner takeover close?
Management guides to the second half of 2026. Timing depends on acceptance results and regulatory reviews. Watch for publication of the offer document, the acceptance period, and any extension or additional commitments. Earnings on 11 March 2026 could also influence sentiment around the deal’s likelihood and timing.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
