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 of hot and cold rolled steel products, today announced that Legato's stockholders have approved the previously announced business combination transaction between Legato and Algoma (the “Merger”). The holders of approximately 74% of the shares of Legato common stock voted at the special stockholder meeting and approximately 92% of the shares voted were voted in favor the Merger. The holders of 716 shares of Legato common stock validly exercised their redemption rights in connection with the Merger. Legato will file with the Securities and Exchange Commission (the “SEC”) a Form 8-K disclosing the final voting results.
Related tickers: LEGO, LEGOU.
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