Gerdau Ameristeel (NYSE:GNA)
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5 Years : From May 2012 to May 2017
The board of Brazilian long steel maker Gerdau (GGB, GGBR4.BR) approved a share buyback program, the company said in a regulatory filing on Monday
Gerdau plans to buy back up to 1.2 million preferred shares, or about 0.2% of outstanding preferred shares. The buy back will take place between Friday and Feb. 3, Gerdau said.
Gerdau shares closed Friday at 25.98 reals ($14.31). Brazilian markets were closed Monday for a Sao Paulo state holiday.
-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; email@example.com