Wednesday, March 14, 2012

United Technologies makes unsolicited $2.63 billion offer to acquire ATM maker Diebold

United Technologies Corp., continuing to broaden its security business and expand its presence in China, said Sunday it has made an offer to buy Diebold Inc. for $2.63 billion (euro1.73 billion).

United Technologies, parent company of jet engine-maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, said it made the unsolicited offer Friday after trying to negotiate a deal with Diebold for two years.

Diebold, based in Canton, Ohio, makes ATMs, business security systems and voting machines.

The $2.63 billion (euro1.73 billion) purchase price represents United Technologies' offer of $40 (euro26.37) per outstanding share, about two-thirds …

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