Apr 7, 2008
United Technologies wants a clearer financial picture of Diebold
“They've not published their financials for almost a year”
A month after Diebold Inc. received an unsolicited bid to take it over, the 149-year-old maker of automated teller machines, security systems and electronic voting devices continues sit tight, maintaining the offer is too low.
Meanwhile the pursuer, Hartford, Conn.-based United Technologies Corp., hasn't budged from its March 2 position, arguing its $40 per share cash offer, about $2.6 billion, is more than fair, representing about a 66 percent premium compared with the Diebold stock price Feb. 29. Read more
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