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Offer rejected

Published September 2, 2006
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IRVINE, Sept 1: Gateway Inc., the third-largest PC-maker in the United States, said on Friday it will reject the unsolicited $450 million offer for its retail business from eMachines Inc. founder Lap Shun Hui.

Gateway said the August 23 offer for the retail operations, which accounted for 64 per cent of the company’s second-quarter revenue, is not in the best interest of its shareholders.—AP

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