Diebold Offers To Buy Wincor Nixdorf
World Economy

Diebold Offers To Buy Wincor Nixdorf

ATM maker Diebold Inc. is offering to take over Wincor Nixdorf of Germany in a deal that would value the German company at more than €1.7 billion ($1.9 billion), Associated Press reported. The companies said Saturday that they entered a non-binding term sheet agreement on “the key parameters of a potential strategic business combination.” They said that Diebold is offering €52.50 per Wincor Nixdorf share - substantially above the stock’s closing price on Friday of €38.90. The acquisition would be paid for in cash and Diebold shares, said Diebold, which is based in North Canton, Ohio. It added that due diligence still has to be completed by both sides, and “there can be no assurance that any binding agreement will be reached at the above mentioned terms, or at all.”

Short URL : https://goo.gl/bYsy3X
  1. https://goo.gl/ttM50X
  • https://goo.gl/uY8lYl
  • https://goo.gl/GOYR9n
  • https://goo.gl/nmSNn3
  • https://goo.gl/AmG6cf

You can also read ...

Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...