Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
National #LouiseHerring awards for #creditunion philosophy in action selected #NewsNow http://t.co/two4z5lBAU
4 minutes ago
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
17 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
18 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
18 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
18 hours ago