Acer eyes acquisition in 3-5 months

TAIPEI: Acer Inc.the world's third-largest personal computer vendor, expects to complete merger and acquisition deals in three to five months, its chairman said on Friday.

Acer Chairman J.T. Wang said the potential target would not be a U.S. company. He did not elaborate.

Acer posted a first-quarter net profit of T$5.66 billion (US$170 million), higher than T$4.02 billion a year earlier. The result beat market forecasts for T$3.34 billion, according to eight analysts on Reuters Estimates.