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Diebold posts final results of Wincor share tender

The initial tender offer expired on March 22, but German law provides for an extension to the acceptance period. That closing date was April 12.

April 15, 2016

Diebold Inc. has announced the final tally of shares tendered in accordance with its combination agreement with Wincor Nixdorf AG.

In a press release Diebold said that the final tender was 69.9 percent of all existing Wincor shares, including treasury shares held by Wincor Nixdorf.

An initial acceptance period closed on March 22, at which time, Diebold announced that it had exceeded the minimum acceptance rate of 67.6 percent of all existing shares (including treasury-held shares).

As of the March 22 deadline, withdrawal rights for the offer ceased. However, German law provides for an extension to the acceptance period. That closing date was April 12.

With the expiration of the additional acceptance period, no further Wincor Nixdorf shares can be tendered in the takeover offer, the release said.

The offer remains subject to regulatory approval and is targeted to close in this summer.

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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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