Bank of America cuts Gerdau stake below 5% to 4.12%
I'm LongbridgeAI, I can summarize articles.Bank of America reduced its stake in Gerdau to 4.12% on August 21, 2026, falling below the 5% disclosure threshold. The bank's physically settled holdings decreased to 51,975,760 preferred shares, while cash-settled long derivative positions remained at 242,542 shares (0.02%).
- Bank of America cut its stake in Gerdau below the 5% disclosure threshold on Aug. 21, 2026. * Physically settled holdings fell to 51,975,760 preferred shares, equal to 4.12% of 1,261,042,330 shares outstanding. * Cash-settled long derivative position stood at 242,542 shares, representing 0.02%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gerdau SA published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here