Monday, August 27, 2007

Acer to acquire Gateway

<A HREF="http://www.cio.com/article/133200/Acer_to_Acquire_Gateway_for_M">Acer plans to acquire Gateway</A> in a deal worth $710 million that Acer says will make it the world's third-largest PC vendor.

Under terms of the agreement announced Monday, Acer will purchase all of Gateway's outstanding shares for $1.90 per share. The deal has already been approved by the boards of directors at both companies and should be completed by the end of this year, subject to government approval, Acer said in a statement. Gateway's shares ended at $1.21 Friday on the New York Stock Exchange.

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