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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:17 EDTGGBGerdau SA volatility at 18-month highs as shares trend lower
Gerdau SA overall option implied volatility of 42 is above its 26-week average of 37 according to Track Data, suggesting larger price movement.
News For GGB From The Last 14 Days
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September 15, 2014
11:00 EDTGGBArcelorMittal, Gerdau sell Gallatin Steel facility for $770M
ArcelorMittal (MT) and Gerdau (GGB) jointly announced that they have entered into a definitive transaction agreement to sell their respective 50% interests in Gallatin Steel to Nucor (NUE) for a total cash consideration of $770M, subject to customary closing adjustments. Completion of the sale is subject to customary closing conditions, including expiration of the Hart Scott Rodino Antitrust Improvements Act waiting period. The closing of the transaction is not subject to any financing conditions and is expected to be realized by the end of 2014. Reference Link

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