Chutzpah: Diebold Rejects United Technologies Bid

Diebold (DBD), which hasn't published financials since last April as a result of what appears to be a non-trivial accounting dispute with the S.E.C., says it's rejected a takeover offer from United Technologies (UTX) - that's 60% above the company's prior market price, by the way - because "shareholders do not have sufficient data to evaluate the offer and as such, the board believes that it would be irresponsible to engage in discussions with U.T.C. at this time.”

Wow. Even Chuck Schumer would be impressed.