SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Alloy Steel International, Inc. with Kostecki Brokerage Pty Ltd

New York, New York--(Newsfile Corp. - July 27, 2021) -  The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Alloy Steel International, Inc. ("Alloy Steel" or the "Company"). Entities who purchased Alloy Steel (OTC Pink: AYSI) stock prior to July 27, 2021.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Alloy Steel with Kostecki Brokerage Pty Ltd. Under the agreement, the Company's shareholders, excluding the Kostecki family and its affiliated entities, will receive $2.55 per share in cash upon completion of the transaction for a total implied market capitalization of the Company of approximately $40.6 million. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/alloy-steel-international-inc-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Alloy Steel merger investigation concerns whether the Board of Alloy Steel has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91379