குட்வுட் நிதி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from குட்வுட் நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In குட்வுட் நிதி Today - Breaking & Trending Today
Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement Jun 01, 2021 12:40 PM ET Legal Newswire POWERED BY LAW.COM The Canadian parent company of privately held Algoma Steel Inc. ( Algoma ), a leading independent steel producer with extensive steelmaking and finishingoperations in Sault Ste. Marie, Ontario, Canada, and Legato Merger Corp., a special purpose acquisition company ( Legato ), today jointly announced that they have entered into a definitive merger agreement that will result in Algoma becoming a publicly listed company with its common shares traded on the Nasdaq Stock Market. Algoma also intends to apply to list its common shares on the Toronto Stock Exchange. ....
Share this article Transaction to result in Algoma Steel becoming a publicly listed company. At $10.00 per share of Legato common stock, this all-stock transaction values the combined company at an enterprise value of approximately $1.7 billion including contingent consideration. At an enterprise value of approximately $1.7 billion including contingent consideration, the combined company would be valued at 1.9x expected calendar year 2021 Adjusted EBITDA of $901 million. Transaction expected to provide Algoma Steel with $306 million of capital, including a $100 million fully committed private placement with key investors. New equity capital will provide Algoma Steel with flexibility to continue with strategic and transformational investments in the business, including the potential for a substantial investment in electric arc steelmaking which would enhance earnings potential and substantially reduce Algoma s carbon footprint by approximately 70%. ....
File photo by Kenneth Armstrong/SooToday Algoma Steel Inc. confirmed late Monday that it has entered into a billion-dollar-plus merger agreement with Legato Merger Corp, a New York-based special-purpose acquisition company. The deal is expected to close in the third quarter of 2021, providing the Sault mill with hundreds of millions of dollars to invest in electric arc steelmaking and to reduce its carbon footprint by approximately 70 per cent. The following is excerpted from the Algoma Steel announcement: Algoma Steel and Legato Merger Corp. sign definitive merger agreement transaction to result in Algoma Steel becoming a publicly listed company all dollar figures in this press release are in U.S. dollars unless otherwise indicated ....
Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.