Home > Boards > US Listed > Basic Materials > Chaparral Steel Company (CHAP)

Tuesday , July 10, 2007 22:03ET

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
rayrohn Member Profile
 
Followed By 63
Posts 20,302
Boards Moderated 2
Alias Born 01/23/03
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 11/15/2019 5:01:42 PM
Chaparral Energy Receives Continued Listing Standard Notice From NYSE GlobeNewswire Inc. - 11/15/2019 4:45:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 11/12/2019 8:47:24 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/12/2019 8:43:08 AM
Chaparral Energy Announces Third Quarter 2019 Financial and Operational Results GlobeNewswire Inc. - 11/11/2019 4:45:00 PM
Bison and Chaparral Enter Into 15-Year Water Infrastructure Agreement PR Newswire (US) - 10/17/2019 8:02:00 AM
Chaparral Energy Schedules Third Quarter 2019 Earnings Release and Conference Call GlobeNewswire Inc. - 10/8/2019 9:15:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/2/2019 4:51:30 PM
Chaparral Energy Reaffirms $325 Million Borrowing Base GlobeNewswire Inc. - 9/30/2019 4:45:00 PM
Chaparral Energy to Participate in Johnson Rice Energy Conference GlobeNewswire Inc. - 9/18/2019 9:15:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:15:24 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:14:59 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:14:28 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:14:12 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:14:07 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:13:25 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:13:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:12:45 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:12:29 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:12:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:11:43 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:11:07 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:10:57 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2019 4:10:45 PM
Chaparral Energy to Present at Barclays CEO Energy-Power Conference GlobeNewswire Inc. - 8/27/2019 9:15:00 AM
rayrohn   Wednesday, 07/11/07 07:41:22 AM
Re: None
Post # of 34 
Tuesday , July 10, 2007 22:03ET

TAMPA, Fla., Jul 10, 2007 (The Canadian Press via COMTEX) -- Steel maker Gerdau Ameristeel Corp. (TSX:GNA), with operations in Canada and worldwide, is buying Chaparral Steel Co. in a friendly deal valued at US$4.22 billion in cash.

Gerdau Ameristeel, the second largest mini-mill steel producer in North America with locations in Chatham and Whitby, Ont. and Selkirk, Man., said late Tuesday the offer is worth US$86.00 per share in cash.

Chaparral Steel's board has unanimously approved the transaction and will recommend it shareholders vote in favour of the offer, the companies said in a release.

Chaparral trades on the Nasdaq, as does Gerdau Ameristeel.

Chaparral, which has about 1,400 employees and annual capacity of 2.9 million metric tons, is the second largest producer of structural steel products in North America and also a major producer of steel bar products. It operates a mini mill in Midlothian, Tex. and in Dinwiddie County, Va.

"The acquisition of Chaparral Steel Company is consistent with Gerdau Ameristeel's strategy to further diversify its product offering into high value added steel products," Mario Longhi, Gerdau Ameristeel president and CEO said. "This strategic combination is an excellent fit for us and it broadens our product portfolio and gives us a full range of structural steel products."

Gerdau Ameristeel said the merger with Chaparral will generate annual pre-tax operating synergies of more than $55 million by the end of 2008.

The transaction is subject to regulatory approvals.

Gerdau Ameristeel is 67 per cent owned by Gerdau S.A., the 14th largest steel making company worldwide with about 35,500 employees and in 13 countries.

The online source for news sports entertainment finance and business news in Canada

Copyright (C) 2007 The Canadian Press (CP), All rights reserved



Ray
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist