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Gerdau Acquires Quanex US Steel Business

Nov 20, 2007

Brazil's Gerdau has signed a definitive agreement for the acquisition of the MACSTEEL business of Quanex Corporation for $1.458bn cash, plus the assumption of debt and certain liabilities. The acquirer says it...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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