Taiwan's Acer to buy Gateway - BetaONE will rise again!

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27th Aug 07, 05:16 PM

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Taiwan's Acer to buy Gateway

*Source: News.com (http://news.com.com/Taiwans+Acer+to+...tag=nefd.top)*
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Taiwan's Acer on Monday said it will buy Gateway for $710 million, creating the world's No. 3 PC maker, as Acer doubles its presence in Gateway's lucrative but highly competitive home market.

Acer said it would pay $1.90 per Gateway share, representing a premium of 57 percent over Gateway's last closing price.

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