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
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
23 minutes ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
1 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
3 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
3 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
5 hours ago