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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Gerdau S.A. Completes Privatization of Gerdau Ameristeel Corporation

2010

Areas Corporate Finance and Securities, Litigation, Mining and Natural Resources, Tax

Summary

Goodmans represented Gerdau S.A. in its acquisition of all the issued and outstanding common shares of Gerdau Ameristeel Corporation (“Gerdau Ameristeel”) not already held by it for U.S.$11.00 in cash per share by way of a plan of arrangement under the Canada Business Corporations Act.  The arrangement was approved at a special meeting of Gerdau Ameristeel shareholders (including approval by a “majority of the minority”), and was subsequently approved by the Ontario Superior Court of Justice.  145,331,071 common shares were acquired pursuant to the Arrangement, for an aggregate purchase price of approximately U.S.$1.6 billion.

Based in Brazil, Gerdau S.A. is the leading producer of long steel in the Americas and one of the world's largest suppliers of special long steel.  Gerdau Ameristeel is the second largest mini-mill steel producer in North America.