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Lego sales are on the rise following pandemic induced growth, the news comes amid popular sets from Lego Star Wars and Lego Harry Potter. The company announced that revenue throughout the first six months of the year had risen 17%, reaching USD3.5 Billion. Lego chief executive N...
Stelco is a Canadian steel producer in Ontario. 75% of its output goes to Canada, 25% is exported to the USA. Stelco is printing cash and has just repurchased a big block of its own shares. I like the risk/reward ratio here, but investors should be cautious about the very cyclical...
NEW YORK, NEW YORK and SAULT STE. MARIE, ONTARIO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp. (“Legato”) (Nasdaq: LEGO), a U.S. publicly-traded special purpose acquisition company, and Algoma Steel Group Inc. (“Algoma”), a fully integrated producer...
The number of SPACs has soared in 2020 and 2021 as investor demand soared, and deal volumes surged much higher. Average deal size is rising, and some companies have completed or agreed to mergers at valuations above $10 billion. SPACs provide some key advantages to companies compa...
Since peaking in February, SPACs have largely underperformed the market. Former leaders began recovering in May, and the rest of the sector has been showing strength over the last two weeks. Companies that performed poorly as SPACs are now showing strength once their mergers close...
Legato has entered into an agreement to acquire Algoma Steel, a Canadian steel producer. Algoma will invest in a $500M Electric Arc Furnace which should boost the EBITDA and reduce the sustaining capex. While the steel market looks toppy, the valuation is very attractive. I wi...
Ali Group ignites a potential bidding war for Welbilt (WBT). Cimarex Energy (XEC) and Cabot Oil & Gas Corporation (COG) combine in an $8.5 billion all-stock deal. United Rentals (UFN) completes the acquisition of General Finance Corporation (GFN) in 40 days. For further ...
SPAC Legato Merger (LEGO) and privately-held Algoma Steel have entered into a merger agreement that will result in Algoma becoming a publicly listed company trading on Nasdaq.Algoma also intends to apply to list its common shares on the Toronto Stock Exchange. The all-stock transact...
Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement Canada NewsWire 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...
SPAC Legato Merger Corp. (LEGO) rose 2.6% in premarket trading on a report that it's in talks to take Canada's Algoma Steel public in a deal valued at more than $1B.The deal isn't finalized and could still fall apart, according to a Bloomberg report from Saturday.Algoma, based in Sa...
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Lego sales are on the rise following pandemic induced growth, the news comes amid popular sets from Lego Star Wars and Lego Harry Potter. The company announced that revenue throughout the first six months of the year had risen 17%, reaching USD3.5 Billion. Lego chief executive N...
NEW YORK, NEW YORK and SAULT STE. MARIE, ONTARIO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp. (“Legato”) (Nasdaq: LEGO), a U.S. publicly-traded special purpose acquisition company, and Algoma Steel Group Inc. (“Algoma”), a fully integrated producer...
Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement Canada NewsWire 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...