Acer has completed the merger of its wholly owned subsidiary with Gateway.

Gateway common stock was suspended from trading on New York Stock Exchange as of the close of business on October 16, 2007.

As a result of the merger, all outstanding shares of Gateway common stock other than shares were converted into the right to receive US$1.90 in cash per share, according to an Acer press statement.

According to internal timeliness, the acquisition and integration of Gateway is scheduled to be completed by the end of March 2008, sources at Acer have revealed.

By: DocMemory
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