03-03-2008, 06:27 AM
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United Technology makes offer for Diebold
United Technology makes offer for Diebold
Quote:
United Technologies Corp., based in Connecticut, announced Sunday it has offered $3 billion for Diebold, the manufacturer of voting machines and ATMs.
The bid, unsolicited by Diebold, was first made privately Friday, The New York Times reported. United Technologies first suggested a merger two years ago but was rebuffed.
The price would give Diebold stockholders a 40 percent premium over its closing price Friday of $24.12 a share.
James Geisler, vice president of finance at United Technologies, would not say whether the company would pursue the acquisition if Diebold rejected its offer.
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This could change the whole structure for conspiracy theorists for years to come!... 
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