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Gerdau S.A. And Gerdau Ameristeel Corporation Enter Into Definitive Arrangement Agreement At US$11.00 Cash Per Share

SAO PAULO, June 30 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB; Bovespa: GGBR3, GGBR4; Latibex: XGGB) and Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that they have entered into a definitive arrangement agreement to implement the previously announced (on June 2, 2010) proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share.

Additional Information

To access this document, please click on http://www.gerdau.com.br/investidores/comunicados-e-atas-comunicados.aspx?language=en-US

SOURCE Gerdau S.A.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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