Legato Merger Corp. to acquire Algoma Steel in $1.7B deal

Legato Merger Acquisition Corp. filed a preliminary proxy for its proposed acquisition of Algoma Steel, valuing the combined company at $1.7 billion. The deal includes $236 million from Legato's trust and a $100 million PIPE, with closing expected in Q3 2021.

“The deal values the combined company at $1.7 billion.”news.spacconference.com

• 1 source
• news.spacconference.comLegato Merger Files Prelim Proxy on $1.7B Algoma Steel Deal | DealFlow's SPAC NewsSteve EvansJul 7, 2021

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