Acer's purchase of Siemens PC unit encounters unexpected problems
Article Abstract:
Acer Inc.'s purchase of Siemens-Nixdorf Informationssysteme AG, the Augsburg, Germany-based PC unit of Siemens AG of Germany, for an undisclosed amount is encountering unexpected problems. The sticking points include the details of the supply pact between Acer and Siemens, as well as issues involving the payment of pensions at the Siemens PC plant. On Apr. 23, 1998, Acer reached a memorandum of understanding to acquire the PC unit. The transaction, expected to be finalized at middle of 1998, would lift Acer's global production by 25% since Acer would become the exclusive supplier of PCs sold under Siemens' brand name.
Comment:
Its sale of Siemens-Nixdorf Informationssysteme PC unit to Acer for an undisclosed amount is encountering unexpected problems
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Siemens nears deal to sell 10% of Vobis to Metro of Germany
Article Abstract:
Siemens AG is into negotiations to sell its 10% stake in computer maker Vobis Microcomputer AG of Germany to Metro AG, a German retail chain which already holds 90% of Vobis. Vobis, which manufactures and sells PCs mainly for the German market, has just bounced back after years of flat sales brought about by tight economic conditions in the country. News of the deal comes just a few weeks after Siemens announced its plans to dismantle its technology unit, Siemens-Nixdorf Informationssysteme, and sell its PC manufacturing facilities to Taiwan's Acer Inc.
Comment:
Is into negotiations to sell 10% stake in Vobis Microcomputer AG to Metro AG, a retail chain which already holds 90% of Vobis
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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CHS to acquire Vobis in a $320 million deal
Article Abstract:
Miami, FL-based CHS Electronics Inc. agreed to purchase Vobis Microcomputer AG of Germany in a cash and stock deal valued at $320 million. CHS becomes the largest computer distributor in Europe by revenue with the buy of the German computer retailer and manufacturer from Metro AG. The agreement calls for CHS to pay $295 million in cash and $25 million in stock to Metro, as well as assume $350 million of Vobis debt. CHS maintained it plans to expand the range of private-label PCs of Vobis, considered a higher-margin operation.
Comment:
Agrees to purchase Vobis Microcomputer in a cash and stock agreement valued at $320 million
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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