Gerdau considers share issue and purchase
Bnamericas Published: Tuesday, November 18, 2003
The board of Brazilian long steelmaker Gerdau (NYSE: GGB) is considering the issue and purchase of new preferred shares, the company said in a statement. The purchase will be made with existing profits and will remain in the company's treasury for future sale in the market or cancellation. The amount under consideration is equal to 2% of company's total capital.
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