Algoma steel announces commencement of us$400 million substantial issuer bid

Sault ste. marie, ontario, june 21, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or the “corporation”), a leading canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial issuer bid (the “offer”) to purchase for cancellation up to us$400 million of its common shares (“shares”). the offer will expire at 5:00 p.m. (eastern time) on july 27, 2022, unless extended or withdrawn.
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