Every Spin-Off
Worthington Steel
WSCompletedSpin of Worthington Steel (WS) processing unit
- Distribution date
- 1 Dec 2023
- Structure
- Spin-off
- Parent
- Worthington Industries (WOR)
- Spin-off ticker
- WS
- 2-year mark
- 1 Dec 2025
- Market
- United States
Section 355 clock. Two years from the distribution, an acquirer can generally step in without putting the tax-free status at risk.Window passed
1 Dec 2023100%1 Dec 2025
Source documents
- Press releaseWorthington 8-K EX-99.1 (12/05/23)
- PresentationInvestor Day presentation (10/23)
- Information statementInformation statement
Every Spin-Off research
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