14
Oct
19:35
Legato shareholders approve Algoma merger
Legato Merger shareholders have approved the previously announced merger with Algoma Steel. The transaction is expected to close next week, Kallanish understands. Once the merger is complete, shares of Algoma will be listed for trading on the Nasdaq and Toronto stock exchanges.
Algoma previously stated that the merger will provide it with up to $306 million of new equity capital.
Based in Sault Ste. Marie, Ontario, Algoma Steel is the second-largest steel compan…
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Very good overview of the weekly steel market.
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