Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Diebold financials justify not taking buyout offer
NORTH CANTON, Ohio (8/13/08)--On Monday, ATM manufacturer Diebold justified rejecting a buyout offer for United Technologies Corp. when it released its second-quarter earnings, revealing a revenue increase of 11% compared with the previous year. Diebold reported revenue of $771 million and net income of $25.6 million, which supported the company’s decision not to accept the unsolicited offer, according to Diebold (American Banker Aug. 12). Diebold, who was approached by United Technologies with the proposal in March, said the bid was too low. United Technologies may respond with a higher offer, said Kartik Mehta, analyst with FTN Midwest Securities Corp.
Other Resources

RSS





print
News Now LiveWire
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
14 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
15 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
15 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
15 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
16 hours ago