United Technologies Corporation Makes A Bid For Diebold
from the buy-now,-vote-later... dept
Just as the Onion is poking fun at Diebold for releasing the results of the 2008 Presidential election months early, it appears that United Technologies Corporation is attempting a hostile takeover of the company after it turned down a private offer. Diebold is mostly known these days for its controversial e-voting business (which the company has renamed "Premiere" to try to disassociate it with the Diebold name) but is also a major player in the ATM business. Whether or not UTC takes the company over, there's little doubt that Diebold has done a terrible job responding to the questions and accusations about the security and reliability of its e-voting machines. Having a company like UTC come in and take over could actually do a lot for the company to regain some trust.Filed Under: hostile takeover, mergers
Companies: diebold, united technologies corporation
