Gateway to Acquire Packard Bell – Terms Unknown
By
Gateway announced plans to acquire European PC maker Packard Bell Monday, in the latest sign of consolidation in the PC industry. Terms of the deal were not disclosed, although Gateway said the deal is expected to close in the fourth quarter of 2007 or the first quarter of 2008.
On Monday, Gateway said it has delivered a binding offer to acquire all of the shares of Packard Bell’s holding company from owner Lap Shun (John) Hui. Shares of Gateway were unchanged at $1.89 in extended trading Monday.
Comments are closed.