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Acer says Gateway stockholders approve acquisition
NEW YORK |
NEW YORK (Reuters) - Computer maker Acer Inc. (2353.TW) Inc. on Tuesday said 86.09 percent of shareholders in Gateway Inc. GTW.N approved Acer's proposed purchase of the company, clearing the way for the merger to close.
Taiwan-based Acer in August offered to buy the U.S.-based computer maker for $710 million in a bid to better compete against larger rivals Hewlett-Packard (HPQ.N), Dell (DELL.O) and Lenovo.
The merger is expected to be completed today, and Gateway common stock will cease to be traded on the New York Stock Exchange.
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