Acer announced that it has entered into a definitive agreement to acquire Gateway. Gateway is the fourth largest PC company in the US and a leading retail PC provider. The combination will create a multi-branded PC-company with over US$15 billion in revenues and shipments in excess of 20 million PC units per year.

Under the terms of the agreement, Acer will commence a cash tender offer to purchase all the outstanding shares of Gateway for US$1.90 per share, which represents total equity value consideration of approximately US$710 million. The acquisition has been unanimously approved by the boards of directors of both Gateway and Acer and is subject to standard closing conditions, including approval under Hart Scott Rodino, Exon Florio and similar laws outside the U.S. The acquisition is expected to close by December 2007. 

Your Name:

Your Email Address:

Your Homepage:

Rate this article:
Poor Great

Comment:

BOLD

"QUOTE"

UNDERLINE