Gerdau Ameristeel Buys Chaparral Steel

August 2007
Metal Center News;Aug2007, Vol. 47 Issue 9, p39
Trade Publication
The article reports on the acquisition of Chaparral Steel Co. by Gerdau Ameristeel Corp. in the U.S. The acquisition is valued at $4.22 billion, and Chaparral shareholders will receive $86 per share. According to chief executive officer (CEO) Mario Longhi of Gerdau, the acquisition is consistent with Gerdau's strategy to further diversify its product offering.


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