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United Tech Makes $3B Bid for Diebold

Deal would expand UTC's footprint in electronic security business

By Laurel Jorgensen,  Newser Staff

Posted Mar 3, 2008 3:30 AM CST

(Newser) – United Technologies is bidding $3 billion for Diebold, one of the largest manufacturers of ATMs and voting machines. The unsolicited bid is $40 per share, a 66% premium over Diebold’s closing stock price Friday of $24.12, reports the New York Times. The deal...   Read full story »

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