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Gateway gives Firebrand a seat on its board

December 07, 2006|From Bloomberg News

Computer maker Gateway Inc. agreed to give shareholder Firebrand Partners a seat on the board and would add another director to head off a potential showdown at the company's annual meeting.

The Firebrand seat will go to Scott Galloway. A second director who is acceptable to both Gateway and the Firebrand-led group will be picked by Feb. 28.

In October, Firebrand and shareholder Harbinger Capital Partners sought to have three representatives named to the board.

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