Elitegroup Computer Systems has agreed to pay US$234 million in shares and assumed debt to acquire Alpha-Top Corporation, the Taiwanese company presently making notebook computers for Apple. According to the report on Bloomberg, Elitegroup will issue 55.8 million new shares to purchase the remaining 80% of Alpha-Top. “Elitegroup is buying Alpha-Top to tap into the fast growing notebook computer market,” said Tony Mai, an analyst at Barits Securities in the story. “Alpha-Top’s existing business relations with Apple Computer and its iBook orders are invaluable.”
