Worthington Industries' (WOR) Board Approves Separation of Worthington Steel

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Go back to Worthington Industries' (WOR) Board Approves Separation of Worthington Steel

Worthington Industries Board of Directors Approves Separation of Worthington Steel

November 9, 2023 4:16 PM EST

Record date for distribution of Worthington Steel common shares will be November 21, 2023When-issued trading of Worthington Steel and Worthington Industries ex-distribution common shares expected to begin on November 28, 2023Distribution date expected to be December 1, 2023

COLUMBUS, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (Worthington Industries or the Company) (NYSE: WOR), a leading industrial manufacturer, today announced that its Board of Directors (the Board) approved the previously announced separation of its Steel Processing business, Worthington Steel, Inc. (Worthington Steel) via a spin-off that is generally intended to be tax-free... More