Tuesday, October 9, 2007

Gateway Offers To Buy Packard Bell

Irvine-based computer maker Gateway said Monday afternoon that it has delivered a binding offer to acquire Packard Bell B.V., as part of the merger of Acer and Gateway. Financial terms of the deal were not disclosed. Gateway said the deal is expected to close in either the fourth quarter of 2007 or the first quarter of 2008. Lap Shun (John) Hui and Clifford Holdings Limited currently own 75 percent of PB Holding, the parent company of Packard Bell.

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