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Diebold Nixdorf completes squeeze-out of German shares
May 14, 2019
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ClaudeDiebold Nixdorf Inc. has announced that the merger squeeze-out of Diebold Nixdorf AG, the company's German public subsidiary, is complete.
According to a press release, completion of the squeeze-out streamlines and simplifies the company's corporate structure, eliminating Diebold Nixdorf AG as a separate corporate entity.
Additionally, the squeeze-out immediately terminates the listing of Diebold Nixdorf AG on the Frankfurt Stock Exchange. Only Diebold Nixdorf Inc. remains publicly-listed.
Per German law, Diebold Nixdorf Inc. has now acquired all of the remaining minority shares of Diebold Nixdorf AG using approximately $85 million of funds set aside for this purpose in the company's August 2018 refinancing transaction.
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Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
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