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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gerdau Ameristeel Corp | NYSE:GNA | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.99 | 0.00 | 01:00:00 |
From May 2019 to May 2024
SAO PAULO (Dow Jones)-The board of Gerdau SA (GGB, GGBR4.BR), Latin America's biggest steelmaker, approved a proposal to buy the one-third stake of its U.S. subsidiary Gerdau Ameristeel Corp.'s (GNA) that it doesn't already own for up to $1.7 billion, the company said Tuesday in a statement.
Earlier in June, Gerdau announced that it will offer $11 per outstanding Ameristeel share. Gerdau already owns 66.3% of Ameristeel's shares.
Gerdau, which has benefited recently from a recovery in economic activity, said it intends to fund the deal through existing cash resources and financing.
-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com
1 Year Gerdau Ameristeel Chart |
1 Month Gerdau Ameristeel Chart |
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