Gateway plans to acquire Packard Bell

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*Source: News Blog (News.com) (http://www.news.com/8301-10784_3-9793055-7.html)*
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Gateway has agreed to take over the controlling stake in Packard Bell, the company announced Monday.

Gateway has exercised its right of first refusal to purchase all of the shares of PB Holding Company, the parent company of Packard Bell (http://www.news.com/Low-cost-market-...3-232363.html), from Lap Shun (John) Hui and Clifford Holdings Limited, also controlled by Hui. Both companies control 75 percent of Packard Bell stock. Financial detail of the transaction have not yet been disclosed.

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