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Dofasco news buoys market, Algoma Steel stock rises

Today's announcement of a friendly takeover of Dofasco Inc. by German steelmaker ThyssenKrupp was followed by a jump in the TSX Composite Index to 11,146.120, a five-year record. Dofasco shares opened this morning at an all-time record of 63.
AGAChart

Today's announcement of a friendly takeover of Dofasco Inc. by German steelmaker ThyssenKrupp was followed by a jump in the TSX Composite Index to 11,146.120, a five-year record.

Dofasco shares opened this morning at an all-time record of 63.990 and Algoma Steel shares rose to 27.840, the highest price achieved by AGA shares over the past eight months.

As of 10:47 a.m., AGA was selling for 27.250.

This chart shows AGA's price history over the last two years.




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