11:57 AM EST - Gerdau Ameristeel Corp. : said that it has entered into a definitive arrangement agreement to implement the previously announced proposal to take Gerdau Ameristeel private at a price of $11.00 U.S. cash per Common Share. The transaction values Gerdau Ameristeel's publicly held shares at $1.6 billion U.S. Gerdau Ameristeel Corp.
shares T.GNA are trading up $0.05 at $11.56.
