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Independent ATM group ousts boss

August 23, 2005

The Guardian:Nick Tod, the chief executive of United Kingdom-based ATM company Scott Tod, has been ousted after a disagreement over strategy at the struggling firm. The independent ATM operator might now be regarded as a takeover target in a rapidly consolidating sector. Its two closest rivals, Cardpoint and Moneybox, both recently announced a merger. Scott Tod has 2,200 ATMs in its portfolio.

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