NEW YORK, NY, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp. (“Legato”) (Nasdaq: LEGOU, LEGO, LEGOW), a publicly traded special purpose acquisition company, today announced that its Special Meeting of Stockholders (the “Special Meeting”) has been set for October 14, 2021 at 11:00 a.m.EST. Stockholders of record as of August 18, 2021 (the “Record Date”) are eligible to vote at the Special Meeting to consider the previously announced business combination with Algoma Steel Group Inc. (“Algoma” or the “Company”), a fully integrated producer of hot and cold rolled steel products including sheet and plate..
- Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
- Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
- Algoma has achieved several meaningful improvements over the last several years that are expected to result in enhanced long-term profitability for the business.
- Legato Merger Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities.