Acer Inc. - Gateway, Inc.: Completion of Merger
TAIPEI, Taiwan--Acer Inc. (TSE: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 today, 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.
About Acer
Acer ranks as the world's No. 4 branded PC vendor, designing easy, dependable IT solutions that empower people to reach their goals and enhance their lives. Since spinning-off its manufacturing operation, Acer has focused on globally marketing its brand-name products: mobile and desktop PCs, servers and storage, LCD monitors and high-definition TVs, projectors, and handheld/navigational devices. Acer's unique Channel Business Model is instrumental to the company's continued success. The model encourages partners and suppliers to collaborate in a winning formula of supply-chain management, allowing Acer to provide customers with fresh technologies, competitive pricing, and quality service. Established in 1976, Acer Inc. employs 5,300 people supporting dealers and distributors in more than 100 countries. Revenues in 2006 reached US$11.32 billion.
