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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...
...Just behind is Stefanini IT Solutions, the outsourcing company, and Gerdau, the steel-maker, which has roughly a third of revenues and half of assets and employees abroad....
...Others include Jorge and André Gerdau Johannpeter at Brazil’s Gerdau, and Steno and Antonio Marcegaglia at Marcegaglia of Italy....
...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...
...companies has made recent overseas acquisitions, including food processors Brasil Foods and JBS Friboi, banks such as Itaú Unibanco and Banco do Brasil, and raw materials groups such as Vale in mining, Gerdau...
...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”....
...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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