Acquisitions: Traditional Company from the Ruhr Becomes American
The German steel processor Klöckner & Co presents its last financial report as an independent company before being taken over by the American company Worthington Steel.
Industry: US corporation buys traditional company from the Ruhr
The 1906-founded steel dealer Klöckner & Co. is being sold to Ohio's Worthington Steel, with a deal that offers Klöco shareholders an 80% premium per share.