Acer Inc. - Gateway, Inc.: completion of merger


TAIPEI, TAIWAN (October 17, 2007) -- Acer Inc. (TWSE: 2353; LSE: AM50), announced today that it has completed the merger of its indirect wholly owned subsidiary with Gateway, Inc. (NYSE: GTW).  Gateway common stock will be suspended from trading on New York Stock Exchange as of the close of business, October 16, 2007, New York City time.  As a result of the merger, all outstanding shares of Gateway common stock other than shares as to which appraisal rights are perfected under Delaware law, were converted into the right to receive US$1.90 in cash per share.

 

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About Acer
Since its founding in 1976, Acer has constantly pursued the goal of breaking the barriers between people and technology. Focused on marketing its brand-name IT products around the globe, Acer ranks as the world's No. 3  vendor for total PCs and No. 2 for notebooks, with the fastest growth among the top-five players. A profitable and sustainable Channel Business Model is instrumental to Acer's continued growth, while the successful mergers of Gateway and Packard Bell complete the company's global footprint by strengthening its presence in the U.S., and enhancing its strong position in Europe. Acer Inc. employs 5,000 people worldwide. 2007 revenues reached US$14.07 billion.

Contact:
Stella T.H. Chou, Henry Wang
PR, Branding Division
8F, 88, Sec.1, Hsin Tai Wu Rd., Hsichih,
Taipei Hsien 221, Taiwan, R.O.C.
Tel: 886-2-8691-3204/1046
Fax: 886-2-8691-3262
E-mail: Stella_th_chou@acer.com.tw  Henrywang@acer.com.tw

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