Gateway board rejects buyout offer
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Gateway has rejected an offer to sell its retail arm to the California man who founded the company's eMachines line.
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Oracle&#160;on Tuesday morning said that BEA Systems has officially rejected its&#160;offer to acquire the company. BEA had previously said the&#160;offer was too low.
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The London Stock Exchange opened the door to a bidding war for the 300-year-old market after it rejected a proposed Â£1.35bn (â¬1.9bn) offer from Deutsche BÃ¶rse, its German rival.
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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.
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Delta Air Lines  said its board has  rejected an $8.4 billion acquisition bid from rival US Airways  Group Inc. , calling the bid "structurally flawed" and  plagued by antitrust and labor issues.
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IRVINE, Calif. -- Gateway Inc., a struggling computer maker that has accepted a buyout offer from a Taiwan-based company, said Wednesday it will sell its professional business unit to MPC Corp. in a deal valued at about $90 million.
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Dell decided against bidding for Gateway, but may buy its way into other markets, CEO says.
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(InfoWorld) - Acer Inc.'s agreement to acquire Gateway Inc. has foiled Lenovo Group Ltd.'s plans to buy PC vendor Packard Bell BV, and could leave Acer owning both Gateway and Packard Bell. On August 7, Lenovo revealed it was in discussions with Packard Bell over a possible acquisition. At the time,Â it looked like Lenovo had beaten Acer, which was also interested in acquiring the company. However,Â Acer's plan to buy Gateway for $710 million, announced Monday, trumps anything Lenovo brings to the table in its negotiations with Packard Bell. In 2006, Gateway signed an agreement with John Hui, Packard Bell's largest shareholder, that gives Gateway the right of first refusal if he decides to sells PB Holding Co. SARL, the parent company of Packard Bell. What that means is that if Packard Bell wants to enter into a final agreement to be purchased, the company has to ask Gateway first, said Y.T. Du, of Citigroup Global Markets Inc., which represented Acer in the negotiations. Gateway can refuse the deal if it wants and enter into purchase talks with Packard Bell, he said. That is exactly what Gateway has done, announcing plans to exercise its right of first refusal at the same time the Acer deal was unveiled. The agreement between Hui and Gateway is rooted inÂ Gateway's 2004 acquisition of eMachines, a PC vendor that Hui founded. When Hui acquired his stake in PB Holding Co., he granted the right of first refusal to Gateway in exchange for the company waving parts of the noncompete agreement that Hui signed when eMachines was sold. Now that Gateway has entered into talks to acquire PB Holding from Hui, Acer could end up owning both Gateway and Packard Bell. While a Packard Bell acquisition would increase Acer's market share in Europe, a deal also means Acer will face having to integrate two companies with its existing operations instead of only one. "Acer is still really strong in Europe," said Bryan Ma, director of personal systems research at IDC Asia-Pacific. Ma worried that Acer's desire to acquire Packard Bell is driven more by a desire to slow Lenovo's growth in Europe, rather than a pressing need to strengthen its own position there. A Lenovo spokeswoman was not immediately available to comment. Â  With additional reporting by Dan Nystedt in Taipei. Â
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GenCorp (GY.N: Quote, Profile, Research) , an aerospace and real estate company, on Monday said its board has rejected a $17 per share offer from US investment fund Steel Partners II, saying the price was &quot;inadequate.
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Australia's Qantas Airways Ltd.  rejected a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group , sending its shares down 2.7 percent.
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Yahoo rejects a takeover bid of more than $40bn from computer software giant Microsoft saying it is too low.
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By The San Diego Union-Tribune  Sep. 6--The former owner of eMachines said yesterday he is reviewing his  options since Gateway rejected his $450 million offer to buy its retail  operations.   Lap Shun "John" Hui made the bid Aug. 23 to buy Gateway's retail  business.
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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.
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By The Associated Press  IRVINE, Calif. - Gateway Inc., the third-largest personal- computer company in the United States, said Friday it rejected an unsolicited $450 million bid for its retail business from eMachines Inc. founder Lap Shun Hui.  Gateway said the Aug.
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AMSTERDAM - ABN Amro's boards will not recommend either of the two rival takeover bids the Dutch bank has received, they told shareholders yesterday.
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Mining firm Rio Tinto rejects a $147bn hostile takeover offer from rival BHP Billiton.
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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.