United Technologies bear hugs Diebold

• Offers $40 per DBD share

• $2.63B equity value
• $3.0B enterprise value

• DBD makes ATMs and electronic security products
• DBD revenue recognition practices are under investigation, which has delayed filings of its financials
• DBD news - stock chart
• UTX news - stock chart

Announced 3.02.08

• UTX press release  3.02.08
• UTX press release  3.05.08

DBD rejects offer

• DBD Chairman letter  3.05.08
• DBD webpage

Developments

• DBD delays filing its 10-K

• Form 12b-25  3.03.08 
• NYSE delisting notice  3.21.08 

Bear Hug Offers