Acer Inc., the world's fourth-largest computer vendor by unit sales, plans to acquire U.S. computer maker Gateway Inc. for $710 million, the Taiwanese company said Monday.
Acer is offering to buy Gateway for $1.90 per share in a deal expected to complete by December, pending regulatory approvals in Taiwan and the U.S., Acer said in a statement.
The acquisition has been unanimously approved by the boards of directors of both Gateway and Acer and is subject to standard closing conditions, it said.
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