LENOVO TO PAY USD250MN FOR BUYOUT OF PACKARD BELL, JP MORGAN
AsiaInfo Services, August, 2007
AsiaInfo Services 08-15-2007 Lenovo to Pay USD250mn for Buyout of Packard Bell, JP Morgan BEIJING, Aug 15, 2007 (SinoCast via COMTEX) -- China's top PC maker Lenovo will likely pay not more than USD 250 million for Packard Bell if it closes the deal, the world's famous investment bank JP Morgan Chase predicated. Lenovo, also the No.
3 PC maker across the globe, has entered into a memorandum of understanding with another company, planning to purchase Europe's Packard Bell hand in hand so as to spread wings in the continent, the Chinese computer maker announced. Lenovo further posted, a day after the announcement, that it proposed to sell most of the shares it hold in Digital China for HKD 900 million. Digital China is the one of the largest IT products...
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