Don't be desperate and take the offer
There is a good chance that GGB stock price will be manipulated and it is easy to do so considering it's low float and and volumes. GGB can reach $7-8 on the open market. GGB will be manipulated higher to entice APHA holders surrender their shares. APHA will be priced at 1.57 x a GGB share . You will be able to sell your shares on the open market for cash at 1.57 x GGB anyway. Wait it out . There are several months before the offer expires.