PC Maker Gateway Rejects Offer for Retail Unit
605065
By Bloomberg, AP and Staff Reports  Gateway Inc., the third-largest personal computer company in the United States, said Friday that it rejected an unsolicited $450 million bid for its retail business from eMachines Inc. founder Lap Shun Hui.
585781
Oracle has rejected BEA Systems' proposed purchase price of $21 per share.
271159
Not good for shareholders Gateway's board of directors has rejected eMachines' founder Lap Shun Hui's offer to buy its retail business for $450m, claiming the offer is "not in the best interest of shareholders".â¦
436061
The $710 million deal gives Acer a leg up in its battle with Lenovo, but important hurdles must be cleared before Gateway will turn around its lagging sales figures.
430318
Dell decided against bidding for Gateway, but may buy its way into other markets, CEO says.
747626
Acer's planned $710 million acquisitionÂ of U.S. PC vendor GatewayÂ won antitrust approval in the U.S. as the clock struck midnight Monday, Gateway said.
218037
IRVINE, Calif., Dec. 12  /PRNewswire-FirstCall/ -- Gateway, Inc., the nation's third-largest PC company, has signed a $2.2 million contract to provide Kansas City Kansas Unified School District with more than 1,000 of its award-winning Profile all-in-one desktop PCs.
407327
Retailer will begin offering Gateway notebook and desktop PCs next month.
439520
DEUTSCHE Borse yesterday put flesh on the bones of its plan to take over the London Stock Exchange - but its current 530p offer was again rejected by the LSE and the Germans refused to rule out going hostile.
34707
Oracle has rejected&#160;BEA Systems&#39; proposed purchase price of $21 per share, calling it &quot;impossibly high&quot; for Oracle or any other company to pay.
280738
Wireless phone provider Leap Wireless International Inc. said Sunday that it is rejecting an unsolicited buyout offer from MetroPCS Communications Inc.
630231
Australian nickel and copper miner WMC Resources has rejected aA$7.4 billion (3 billion pounds) takeover bid from Swiss-based Xstrata, but has left the door open for a higher offer.
257830
Oracle rejected as âimpossibly highâ BEAâs offer to be acquired for about $8.2 billion, just two weeks after BEA refused Oracleâs $6.7 billion offer for the company.
29578
The London Stock Exchange said it had rejected a Â£1.3bn takeover bid from Deutsche Boerse but held the door open to talks that could result in a deal with the German exchange.
259159
The prepaid cellphone service provider said Sunday that its board had rejected an unsolicited takeover offer from MetroPCS.
166862
TAIPEI, Taiwan -- Acer Inc. plans to acquire U.S. computer maker Gateway Inc. for $710 million in a deal that will push the Taiwanese company past China's Lenovo Group as the world's third largest vendor of personal computers.
238933
(InfoWorld) - Retail consumers in the U.S. could begin to see great deals on computer purchases as PC vendors get more competitive in the wake ofÂ Acer's announcement on Monday that it plans to buy Gateway. Acer will probably try to reinvigorate the Gateway brand, using spiffier designs and faster processors in an effort to add cachet to Gateway and eMachines labels which are often seen as "bottom dwellers" selling low-cost PCs, said J.P. Gownder, a principal analyst with Forrester Research. In announcing the deal, Acer President Gianfranco Lanci said he planned to preserve Gateway's "powerful and unique brand" in order to cover a variety of consumer market segments, differentiating the two brands over time in an effort to reach a broader variety of consumers. By announcing its plan to concentrate on the U.S. retail market, Acer is signaling that it will not challenge far larger vendors like Hewlett-Packard and Dell for corporate enterprise deals. Acer also said on Monday that it planned to divest Gateway's professional business division, and was already in talks with a potential buyer. That strategy will probably have a far greater impact on Acer's long-time rival Lenovo than on larger vendors, Gownder said. "For HP and Dell, it's going to be two years before this makes an impact on their business," Gownder said. "Lenovo is the company that really loses here, especially if Acer is able to pick up Packard Bell and get a foothold in Europe, as well." On Aug. 7, Lenovo Group announced it had agreed to buy Packard Bell, but that deal appears to be scuttled: part of Monday's news was thatÂ Gateway will exercise its right of first refusal to acquire shares in Packard Bell's parent company. In addition to tripping up its rival Lenovo, Acer will gain valuable retail leverage in the U.S., including Gateway's online retail site and its shelf space in major retailers like Best Buy Co. Inc., Gownder said. Still, Acer faces a large workload in creating a successful merger with Gateway before it begins to reap profits from the move. "Acer has made a smart, imperfect decision. But from what's available to them, it was the best move on the chessboard," Gownder said. Acer now faces pressure to duplicate its success among small business customers and Asian markets in the competitive U.S. retail market, other analysts said. Acquiring Gateway could give it the leverage to succeed, but only if Acer completes a difficult merger, said Charles Smulders, an analyst and managing vice president at Gartner Inc. First, Acer must make sure it retains Gateway's staff in the U.S. channel and retail sectors, while divesting the money-losing professional business, he said. That move would have little effect on Gateway's small stake of the corporate enterprise market, but a larger impact among its government and academic customers. Then, Acer could dedicate its engineers to improving Gateway's image as an economy brand. "The Gateway brand is very well known, but people are unclear what it stands for. So that is one challenge Acer will face," Smulders said. The company will probably try to establish a reputation for using the latest technology, as opposed to marketing Gateway as the brand with the best technical support or the lowest prices, he said. To Acer's advantage, Gateway has been cutting costs for five years already, so that will be a much easier task than HP faced when it bought Compaq, Smulders said. "I certainly think HP will be taking notes, simply because Acer has been gaining ground so fast, particularly outside the U.S. If Acer can pull this off, it would be a serious challenge to HP." HP declined to comment on the possible implications of the deal. "HP does not comment on the business strategies of its competitors," said corporate spokeswoman Emma McCulloch. Â