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10.11.2007 - Acer Inc. Successfully Completes Tender Offer for Gateway, Inc.

View Gateway related news. TAIPEI, Taiwan--(BUSINESS WIRE)--Acer Inc. (TWSE:2353)(LSE:AM50), has announced today that its wholly owned subsidiary, Galaxy Acquisition Corp., successfully completed its tender offer for Gateway, Inc. (NYSE:GTW). The offer expired at 5:00 p.m., New York City time, on Wednesday, October 10, 2007. As of the expiration of the offer, a total of approximately 322,931,202 shares of Gateway were validly tendered and not properly withdrawn (including 13,370,772 shares tendered under guaranteed delivery procedures), representing approximately 86.09 percent of Gateway's outstanding common stock on a fully diluted basis. All shares that were validly tendered and not properly withdrawn have been accepted for purchase.

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NID: 18534 / Submitted by: TACKtech Team
Categories: Press Release
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