Monday, August 27, 2007
Acer Moves to Acquire Gateway
Off Site item by
Editor
Taiwan-based Acer Monday shook up the PC market, unveiling plans to acquire Gateway for $710 million in a move the company said would catapult it into the No. 3 spot among the world’s PC vendors.
...Under terms of the agreement, Acer plans to pay $1.90 per share for Gateway, or roughly $710 million cash. The deal has been unanimously approved by the boards at both companies and is expected to close by December. Full Item
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