Acer to Privatize Latin America PC Unit

Taiwan hardware vendor Acer Inc. has announced plans to purchase all outstanding stock in its Mexico-based subsidiary Acer Computec Latino America S.A. de C.V. (ACLA) and convert it to a private company.

Acer will offer 6.10 pesos per share for outstanding ACLA stock, a 2.50 peso premium over the company's closing price of 3.60 pesos on the Mexican Stock Exchange on January 10.

ACLA assembles and markets personal computers in Latin America under the Acer brand name and includes subsidiary companies in Mexico, Argentina, Brazil, Chile, Colombia, Peru, Venezuela and the U.S. The move is part of Acer's group-wide re-engineering effort that seeks to increase synergy between the group companies and the Taiwanese parent, Acer said in a statement.

Acer, in Taipei, can be contacted at http://www.acer.com.tw/.

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