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E-VOTING NEWS: United Tech. Proposes Acquisition Of Diebold For $3.0 Bln - Quick Facts

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althecat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-03-08 01:33 AM
Original message
E-VOTING NEWS: United Tech. Proposes Acquisition Of Diebold For $3.0 Bln - Quick Facts
E-VOTING NEWS: United Tech. Proposes Acquisition Of Diebold For $3.0 Bln - Quick Facts

http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/1156665/

Sunday, March 02, 2008; Posted: 06:10 PM

(RTTNews) - United Technologies Corp. (UTX | news | PowerRating | PR Charts ) said Sunday that it has made a proposal to the board of Diebold Inc. (DBD | news | PowerRating | PR Charts ) to buy all the outstanding shares of Diebold for about $3.0 billion or $40.00 per share in cash.
UTC's proposal represents a premium of about 66% to Diebold's closing stock price on Feb. 29, 2008. The proposal is not subject to any financing contingency.

****

This will be nothing to do with the upcoming election. Nothing whatsoever. Nada... will all be about the rest of Diebold's business. Mark my words. Nothing to see here.... move on...

http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/1156665/

I said move on... dammit!

al

P.S. For DU ERD....

Roll on Super next Tuesday...

(Crossposted from GD -----
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2952611
--------------- please rec the GD version..... and kick it while you are there.)
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TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-03-08 08:00 AM
Response to Original message
1. With the voting machine business on 2.4% of gross, what's...
the big deal? UT might just kill off that business.
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liam_laddie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-03-08 11:12 AM
Response to Original message
2. See companion thread in...
LBN forum. Also a NYT article from today, 3/3/08

http://www.nytimes.com/2008/03/03/business/03deal.html?ref=business
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Melissa G Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-03-08 11:48 AM
Response to Original message
3. There ought to be a law about defense contractors counting our votes and owning all our effing
Media. :grr:
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Kurovski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-03-08 08:06 PM
Response to Original message
4. K&R. (nt)
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