Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
United Technologies Corp. withdraws Diebold bid
NORTH CANTON, Ohio (10/16/08)--United Technologies Corp. (UTC) has withdrawn its unsolicited bid for ATM manufacturer Diebold. UTC offered to purchase Diebold common shares at $40 per share Feb. 29. “Diebold’s board of directors remains confident that the company is on the right path, and is encouraged by the continued improvement it has seen in the company’s strategic initiatives to gain cost efficiencies and increase profitability,” said John N. Lauer, Diebold non-executive chairman of the board. The letter UTC wrote to Diebold announcing the withdrawal of its bid was made public Monday.
Other Resources

RSS print
News Now LiveWire
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
4 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
5 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
5 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
6 hours ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions. http://t.co/2yxVUXCrYA
6 hours ago