Deals
Canada’s Algoma Steel Is in Talks to Go Public via Legato SPAC
This article is for subscribers only.
Canada’s Algoma Steel Inc. is in talks to go public through a merger with Legato Merger Corp., a blank check-firm, according to people with knowledge of the matter.
A deal is set to value the combined entity at more than $1 billion, one of the people said, asking not to be identified discussing private negotiations. Terms could change and, as with all transactions that aren’t yet finalized, it’s possible talks could collapse.