The $1.90/share purchase price was a 57% premium over Gateway's Friday closing price
The deal is a relatively quiet exit for Gateway, which once was synonymous in the United States with direct-to-consumer sales. Stung by the slowdown of computer consumption and falling prices and margins, the company’s share price has fallen far from the heights of November 1999, when it hit $82.50. It closed at $1.82 Monday.
Mr. Black said that Acer had not decided what it would do with Gateway’s existing brands and whether it might include them in the Acer brand.
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