Inc. one of the world's third-largest branded PC vendors today announced it
has entered into a definitive agreement to acquire
E-TEN Information Systems
Co., Ltd., a world's renowned designer and manufacturer of smart handheld
devices and Windows Mobile smartphones, known under the
Under the terms of the agreement, Acer Inc. will offer a share exchange with
ratio of 1: 1.07 for all the outstanding shares of E-TEN, which represents total
equity value consideration of approximately NT$ 9 billion. The new issued shares
will represent approximately 6% of total Acer outstanding shares.
The acquisition has been unanimously approved by the boards of directors of
both E-TEN and Acer and is subject to standard closing conditions, including
obtaining approval from Shareholders Meetings and the Governmental Regulators.
It's expected that the acquisition is closed during Q3 2008.
Cheers ~ Arne