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Gerdau Loses 4%, Reports Indicate Company's Office Raided In Tax Corruption Operation
Thursday, February 25, 2016 - 11:00am | 130Shares of Gerdau SA (ADR) (NYSE: GGB), a Brazil-based producer of long rolled steel, fell more than 4 percent on Thursday following media reports the company's office has been raided by federal police. According to Reuters, Brazilian officials raided Gerdau's office and issued an arrest...