Taiwan’s Acer to Acquire Gateway

Associated Press:

Acer said Monday it is offering to buy Gateway for $1.90 per share in a deal expected to close by December, pending regulatory approvals in Taiwan and the U.S.

The offer price amounts to a premium of 57 percent to Gateway’s Friday closing price of $1.21. Gateway traded at $81.50 in 1999.

Ouch.

★ Sunday, 2 September 2007