# Algoma Steel to go public via $1.7B merger with US firm

Algoma Steel agreed to a $1.7 billion merger with an American firm that specializes in taking industrial companies public, taking Algoma Steel public.

- Type: Acquisition
- Announced: 2021-05-25
- Where: Sault Ste. Marie, Ontario, Canada
- Value: $1.70B
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Algoma Steel Inc.](https://endata.com/companies/15428.md) (target)

## Sources

- [ctvnews.ca](https://www.ctvnews.ca/northern-ontario/article/canadian-steelmaker-algoma-steel-to-go-public-with-1b-takeover-deal-with-american-firm/), 2021-05-25: "Algoma Steel agrees to $1.7B merger with U.S. firm"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.