Diebold Spurns UTC's Offer

Diebold Inc. on Monday rejected a $3 billion acquisition offer by United Technologies Corp.

[Concerned Citizen]

Being an employee of a UTC subsidiary, I am very interested in how this is all going to shake out. UTC's Fire & Security business has been trying to compete with ADT and has had very limited success, at least in the US. Their foray into the banking business has blown up in their face, due in combination to the problems occurring in the banking industry as well as difficulty with the assimilation of Red Hawk, the security systems integrator that they purchased late in 2006, into their existing fire & security business (UTCF&S). The acquisition of Diebold would help solidify the UTCF&S product line, yet at the same time could also hurt their ATM sales since Red Hawk is NCR’s largest ATM VAR.

If this turns into a hostile takeover, this could drag out a long time.

[Julian C Ross]

Diebold is a prime takeover target right now. This inept company can not get its warehouse in shape and therefore they are screwing up a lot of customers' orders. It's the 'trickle down' effect of a badly managed company from the top down. Without a union Diebold employees are at the mercy of whatever comes their way .. grab it now!

I sold into the United Tech offer as soon as it came in! I sold this loser on the way down and bought back into as it leveled out then BINGO just as I've been telling people United Tech bought in .. THANK YOU VERY MUCH.. I'll watch UT stocks when they take this corrupt company over and maybe be back in the game with them.