(Reuters) - NEW YORK, July 10 - Gerdau Ameristeel Corp.
said on Tuesday it agreed to acquire Chaparral
Steel Co. for $4.22 billion, in a move to diversify
its product offering into high value added steel products.
Gerdau will pay $86.00 per share in cash for shares of
Chaparral, a premium of 13.6 percent to Chaparral's closing
price of $75.69 on Tuesday on the New York Stock Exchange.
Read more at Reuters.com Bonds News
said on Tuesday it agreed to acquire Chaparral
Steel Co. for $4.22 billion, in a move to diversify
its product offering into high value added steel products.
Gerdau will pay $86.00 per share in cash for shares of
Chaparral, a premium of 13.6 percent to Chaparral's closing
price of $75.69 on Tuesday on the New York Stock Exchange.
Read more at Reuters.com Bonds News
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