Takeover bid for Diebold dropped
- Share via
From Times Wire Services
United Technologies Corp. dropped its $2.6-billion bid to buy automated teller machine maker Diebold Inc., saying the target company had refused requests for financial information.
United Technologies, which owns Sikorsky Aircraft, Otis elevator and other businesses, made its offer in February in an effort to broaden its security business and expand into China. Diebold rejected the offer immediately.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.