Diebold's Still An Election Factor

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NORTH CANTON, Ohio - Diebold Inc., the nation's biggest maker of automated teller machines, said Monday that its board unanimously rejected United Technologies Corp.'s $2.63 billion acquisition offer because it is too low and the timing is wrong.

United Technologies, maker of Otis elevators and Chubb security systems, said Sunday that it offered to buy Diebold for $40 a share, a 66 percent premium over the stock's closing price of $24.12 on Friday.

United Technologies "is disappointed by Diebold's board's response," said spokesman Peter Murphy, "and we presume their shareholders are as well."


Diebold, if you remember, was the key player in the Florida Recount Fiasco.

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