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...The offering came as other capital-hungry Brazilian companies, including steelmaker Gerdau and construction company Odebrecht, are taking advantage of the window provided by a rally in global corporate bonds...
...Among the leading mergers or acquisitions were UnitedHealth’s $5.1bn takeover of Amil Participações, the Brazilian pharmaceutical company, last year, steel producer Gerdau’s acquisition of Chaparral Steel...
...The report reads: The Real’s currency appreciation in comparison to the US dollar has affected, however, companies that operate primarily through commercial subsidiaries, intermediating exports of products...
...It will operate in competition with other US-based mini-mill companies, including Nucor, the US’s Steel Dynamics, and US divisions of Gerdau, a large Brazilian steelmaker, and Lakshmi Mittal’s ArcelorMittal...
...“The advertising culture in Brazil is more similar to the US – anything goes, people are more open …It’s a perfect alignment of the stars. It makes Brazil a very interesting target.”...
...Vale, the materials company, and Gerdau, the steel maker, are recommended stocks....
...Vale, Petrobras and Gerdau are global players in mining, energy and steel. Poultry and beef company JBS Friboi is the world’s largest “protein producer”....
...Gerdau Ameristeel said on Tuesday it has agreed to acquire Texan steel-beam maker Chaparral Steel for $4.22bn in cash, in a move to diversify its product offering into high value added steel products, reports...
...That makes planning acquisitions funded through jumbo bridging loans, such as Gerdau Ameristeel’s purchase, much harder to contemplate now....
...In other deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Chaparral rose 10.6 per cent to $83.73....
...In deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Shares in Chaparral rose 10.6 per cent to $83.67....
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