TITLE

Gerdau Ameristeel Buys Chaparral Steel

PUB. DATE
August 2007
SOURCE
Metal Center News;Aug2007, Vol. 47 Issue 9, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26383173

 

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