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GERDAU AMERISTEEL HEADLINES

Steel Producers / Gerdau AmeriSteel

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Gerdau, Gerdau Ameristeel Enter Arrangement Agreement
Jul. 6, 2010 - Gerdau Ameristeel and Gerdau SA enter into a definitive arrangement agreement to implement their proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. If approved by shareholders, the transaction is expected to be completed in August 2010.

Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel
Jun. 3, 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.

Gerdau Ameristeel Announces Departure of Chief Operating Officer
May 17, 2010 - Gerdau Ameristeel announces that Vice President and Chief Operating OfficerTerry K. Sutter will be leaving the company for personal reasons, effective May 21, 2010.

Gerdau Ameristeel Reports 1st Quarter Profit
May 7, 2010 - Gerdau Ameristeel Corp. reported net income of $25.2 million on net sales of $1.1 billion for the three months ended March 31, 2010.

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