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MPC will also acquire the partof Gateway's Consumef Direct unit that targets businesses with less than 100 according to a Gateway will receive a 19.9 percent equity stakw in MPC Corp. (AMEX: MPZ) when the deal and and MPC will take responsibility for all operationes andwarranty support, estimated at abour $60 million, associated with the Gateway unit, according to a The deal is expected to close early in the fourtb quarter. The deal includes Gateway's Nashville,Tenn.-based configurationn center, the company said in a release.
Gateway will also investg about $10 million in MPC in the form of a note of issuanc tied to excess inventory at the Nashville according to a A majorityof Gateway's professional business segment employees will join MPC and continuwe to work out of the unit'x North Sioux City, S.D. The unit targets businesses, government ageniceas and educational institutions. It generated $75 million in grosxs margin dollars in the last four according toa release. Gatewayu agreed to for about $710 Irvine-based Gateway (NYSE: GTW) is the third largest PC company inthe U.S.
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