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BREAKING: United Technologies makes $3 billion bid for Diebold
March 2, 2008
The New York Times:United Technologies Corp. made public on Sunday an unsolicited $3 billion bid for Diebold Inc., one of the world's largest makers of ATMs and voting machines. United Technologies, which first approached Diebold two years ago, initially made the offer in private on Friday. The bid amounts to $40 a share in cash, or a 66 percent premium over Diebold's closing price on Friday of $24.12. In Diebold, United Technologies says it sees a chance to expand the company's electronic-security business with one of the field's largest players. Last year, United Technologies bought Initial Electronic Security Systems for about $1.2 billion.
ManufacturersOtherNorth AmericaPublic CompaniesBanking Executive SummaryBank / Credit UnionDiebold Nixdorf
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