Diebold, Incorporated today confirmed that it has entered into a non-binding term sheet agreement with Paderborn, Germany-based Wincor Nixdorf regarding the key parameters of a potential strategic business combination. Such a business combination would be implemented through a public tender offer for all issued shares of Wincor Nixdorf. The proposed offer price of EUR 52.50 per share for Wincor Nixdorf would be paid in cash and Diebold shares.
Entry into a transaction is still subject to material conditions, including the satisfactory completion of due diligence by both parties. There can be no assurance that any binding agreement will be reached at the above mentioned terms, or at all, or that a public tender offer will be launched. Any agreement considered by Diebold and Wincor Nixdorf would be undertaken with the objective of creating value for both sets of shareholders, customers and employees alike.
Diebold will have no further comment on any potential combination until a binding agreement is reached or the discussions are terminated.
Source – Diebold