Friday, March 7, 2008

UTC makes bid for Diebold

$3 billion bid would link two leading security and integration providers

United Technologies Corporation (UTC) has proposed to acquire Diebold for roughly $3 billion, at a per share rate of $40. The company announced that it had made the proposal to Diebold's board of directors; UTC said the proposal "represents a premium of approximately 66 percent to Diebold's closing stock price on Feb. 29."
More information at:
http://www.securityinfowatch.com/article/article.jsp?id=14505&siteSection=323
or http://tinyurl.com/ynq25u
.

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