UTC Ends Bid To Buy Diebold

Hartford Courant article <read>

In a letter to Diebold released Monday, UTC Chairman George David said UTC was withdrawing its offer of $40 a share, which valued Diebold at about $2.6 billion…

On Sept. 30, Diebold filed a late 2007 annual report with securities regulators. It also filed revised quarterly reports for the second and third quarters of 2007 and the first two quarters of 2008. Securities Exchange Commission and Justice Department investigations of Diebold’s accounting practices remain open.

Earlier coverage of Diebold’s problems<here>


Leave a Reply

You must be logged in to post a comment.