Chaparral Steel Company and Gerdau Ameristeel Corporation Announce Approval from the Federal Cartel Office of the Federal Republ
2007年9月5日 - 3:33AM
PRニュース・ワイアー (英語)
MIDLOTHIAN, Texas, and TAMPA, Fla., Sept. 4 /PRNewswire-FirstCall/
-- Chaparral Steel Company (NASDAQ:CHAP) and Gerdau Ameristeel
Corporation (NYSE:GNANYSE:TSX:NYSE:GNA) today announced that they
have received a letter dated September 3, 2007 from the Federal
Cartel Office of the Federal Republic of Germany, clearing the
transaction. The consummation of the merger remains subject to
customary conditions, including adoption of the Agreement and Plan
of Merger by Chaparral's stockholders. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050713/CHAPLOGO) About
Chaparral Chaparral Steel Company, headquartered in Midlothian,
Texas, is the second largest producer of structural steel beams in
North America. Chaparral is also a supplier of steel bar products.
In addition, Chaparral is a leading North American recycling
company. Additional information may be found on Chaparral's web
site at http://www.chapusa.com/. For further information contact
Cary D. Baetz at (972) 779-1032. About Gerdau Ameristeel Gerdau
Ameristeel is the second largest mini-mill steel producer in North
America with annual manufacturing capacity of over 9.0 million tons
of mill finished steel products. Through its vertically integrated
network of 17 mini-mills (including one 50% owned joint venture
mini-mill), 17 scrap recycling facilities and 52 downstream
operations, Gerdau Ameristeel serves customers throughout North
America. The company's products are generally sold to steel service
centers, steel fabricators, or directly to original equipment
manufactures for use in a variety of industries, including
construction, cellular and electrical transmission, automotive,
mining and equipment manufacturing. The common shares of Gerdau
Ameristeel are traded on the New York Exchange and the Toronto
Stock Exchange under the symbol GNA. For further information,
contact Barbara R. Smith at (813) 319-4324. Additional Information
and Where to Find It In connection with the proposed transaction
with Gerdau Ameristeel Corporation, Chaparral filed a definitive
proxy statement with the Securities and Exchange Commission on
Schedule 14A on August 10, 2007. INVESTORS AND SECURITY HOLDERS ARE
STRONGLY ADVISED TO READ THE PROXY STATEMENT, BECAUSE IT CONTAINS
IMPORTANT INFORMATION. Investors and security holders may obtain a
free copy of the proxy statement and other documents filed by
Chaparral at the Securities and Exchange Commission's Web site at
http://www.sec.gov/. The proxy statement and such other documents
may also be obtained free of charge by directing such request to
Chaparral Investor Relations, telephone (972) 779-1032 or on
Chaparral's web site at http://www.chapusa.com/. Participants in
the Solicitation Chaparral and its directors, executive officers
and certain other members of its management and employees may be
deemed to be participants in the solicitation of proxies from its
stockholders in connection with the proposed transaction.
Information regarding the interests of such directors and executive
officers and information concerning all of Chaparral's participants
in the solicitation are included in the proxy statement. The proxy
statement is available free of charge at the Securities and
Exchange Commission's Web Site at http://www.sec.gov/ and from
Chaparral Investor Relations, telephone (972) 779-1032 or on
Chaparral's web site at http://www.chapusa.com/. Certain statements
contained in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed or implied by such
forward-looking statements. In addition to those noted in the
statements themselves, any number of factors could affect actual
results, including, without limitation, the highly competitive
nature of the global steel industry and the availability of
competitive substitute materials; the cyclical nature of the steel
industry and the industries served by Chaparral and Gerdau
Ameristeel and economic conditions in North America and worldwide
steel imports and trade regulations; the substantial capital
investment and maintenance expenditures required in both
Chaparral's and Gerdau Ameristeel's respective businesses;
unexpected equipment failures, transportation disruptions or
production curtailments or shutdowns; increases in the cost of
steel scrap, energy and other raw materials; the ability to
renegotiate collective bargaining agreements and avoid labor
disruptions; the cost of compliance with environmental laws and
regulations; costs relative to competitors who have sought
bankruptcy protection; the ability to fund pension plans; the
deviation of actual results from estimates made in the preparation
of Chaparral's and Gerdau Ameristeel's respective financial
statements; the loss of key employees; the effects of the
consolidation of operations or of the steel industry, and the
ability to integrate newly-acquired businesses and achieve
synergies. Any forward-looking statements in this press release are
based on current information as of the date of this press release
and neither Chaparral nor Gerdau Ameristeel undertakes any
obligation to update any forward-looking statements to reflect new
information or future developments or events, except as required by
law. http://www.newscom.com/cgi-bin/prnh/20050713/CHAPLOGO
http://photoarchive.ap.org/ DATASOURCE: Chaparral Steel Company
CONTACT: Cary D. Baetz of Chaparral Steel Company, +1-972-779-1032;
or Barbara R. Smith of Gerdau Ameristeel Corporation,
+1-813-319-4324 Web site: http://www.chapusa.com/
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