$3 billion takeover bid for Diebold

Mar 3, 2008 (TRIBUNE NEWS SERVICES) — United Technologies Corp. made public Sunday an unsolicited $3 billion bid for Diebold, one of the largest makers of automated teller machines and voting machines. United Technologies, which first approached Diebold two years ago, initially made the offer in private Friday. The bid amounts to $40 a share in cash, or a 66 percent premium over Diebold’s closing price Friday of $24.12, United Technologies said. Full Report