# Legato Merger Corp. stockholders approve merger with Algoma Steel

Legato Merger Corp.'s stockholders approved the business combination with Algoma Steel Group Inc., a fully integrated producer of hot and cold rolled steel products. The merger is expected to close during the week of October 18, 2021, after which Algoma shares will trade on Nasdaq and TSX under symbol ASTL.

- Type: Acquisition
- Announced: 2021-10-14
- Where: New York, New York, United States
- Status: announced
- Capacity: 2.8 million tons per year
- Products: hot and cold rolled steel sheet and plate
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Algoma Steel Inc.](https://endata.com/companies/15428.md) (target)
- [Legato Merger Corp.](https://endata.com/companies/55347.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/10/14/2314518/0/en/Legato-Merger-Corp-Receives-Stockholder-Approval-for-its-Business-Combination-with-Algoma-Steel.html), 2021-10-14: "Legato's stockholders have approved the previously announced business combination transaction between Legato and Algoma."

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