United Technologies makes $3 billion bid for Diebold
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United Technologies Corp. said Sunday it has made an offer to buy Diebold Inc. for $2.63 billion.
United Technologies, parent company of jet engine-maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, said it made the unsolicited offer to Diebold on Friday after trying to negotiate a deal for two years.
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James Geisler, vice president of finance of United Technologies, said the company announced the offer Sunday night because executives believe their offer is “so compelling we thought shareholders should know about it.”
And the shareholders, when polled, responded 24% in favor, 25% against, and 51% Republican.