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09.05.2007 - Gateway to Sell Professional Business Segment to MPC Corporation

View Gateway related news. Irvine, Calif., Sept. 5 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE: GTW) today announced that it has signed a definitive agreement to sell its Professional business segment, including the company's Nashville-based configuration center, to MPC Corporation (AMEX: MPZ). The transaction, valued at approximately $90 million based on MPC's closing price on Sept. 4, 2007, is subject to regulatory approval and is anticipated to close early in the fourth quarter.

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NID: 17727 / Submitted by: TACKtech Team
Categories: Press Release
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