Gateway Inc. (NYSE:GTW) announced today in a
Form 4 filing with the SEC that Harbinger Capital Partners had acquired 505,700 shares on September 22 on the open market, bringing their stake up to 27,155,930. This news comes shortly afterway Gateway
rejected John Hui's $450 million bid for the company's retail operations and did not comment on a possible offer to acquire all outstanding shares. It is also worth noting that Richard Snyder - a company Director -
purchased 139,644 shares (about 60,000 of that being an award) with on the 19th. With Hui's second offer still on the table, a buyout at a premium to the current market price remains a possibility.
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