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Diebold financials justify not taking buyout offer

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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.

New company FI Strategies LLC launched

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CHESTERFIELD, Mo. (8/13/08)--FI Strategies LLC, which offers strategic planning, products and call center improvement for credit unions, has been launched by industry consultant Denny Graham. FI Strategies helps credit union clients build on best practices and improve upon weaknesses. “Every credit union has different markets, goals, people and members, so the ‘do it our way’ approach used by many sales development firms is often not effective,” Graham said. Graham previously worked as national sales manager for Schneider Sales Management. He also speaks on sales, service and human resource topics.