Diebold Inc.NYSE
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  • Nov. 23, 2015, 3:05 AM
    • Looking to form the world's largest ATM maker, Diebold (NYSE:DBD) has launched a $1.8B bid for German rival Wincor Nixdorf (OTCPK:WNXDF), which includes €38.98 in cash and 0.434 of a common Diebold share.
    • A deal would see the two companies land about 35% of the ATM market, leaving NCR Corp. (NYSE:NCR), the global number two, with an estimated share of 25%.
    • Wincor expects the transaction to yield at least $160M in annual costs savings.
    • Previously: Diebold makes offer for Wincor Nixdorf (Oct. 18 2015)
    | Nov. 23, 2015, 3:05 AM
  • Oct. 18, 2015, 7:44 AM
    • U.S. ATM manufacturer Diebold (NYSE:DBD) is in talks to buy Germany's Wincor Nixdorf (OTCPK:WNXDF) for €52.50 per share and company stock, in a deal that would value the latter at more than €1.7B.
    • A takeover would enable both companies to move away from ATMs, for which prices are declining, and increase their focus on digital-payment services.
    • It would also boost Diebold's European presence, having previously concentrated on North America.
    | Oct. 18, 2015, 7:44 AM | 1 Comment