Did Diebold’s Board of Directors Act Wisely in Rejecting UTC Buyout Bid?

By: News Visual Monday, March 03, 2008 3:37 PM

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(NewsVisual, powered by IntellectSpace) -- In a decision touted as one intended to protect shareholder interests, the ATM-maker Diebold Inc (NYSE: DBD) announced on Monday that the company’s Board of Directors turned down a buyout offer from United Technologies Corp (UTC) (NYSE: UTX), saying in effect that the offer was at too low a price.

"The board strongly believes that UTC's proposal significantly undervalues the company and fails to reflect Diebold's strengths and significant upside potential," said Diebold Chairman John N. Lauer in a company statement.

"UTC's proposal is an opportunistic attempt to buy Diebold at a time when shareholders do not have sufficient data to evaluate the offer,” he added.

Given the fact that they are playing such a hands-on role in determining the company’s future, NewsVisual created an IntellectSpace Knowledge Map to provide a pictorial representation of the members of Diebold’s Board of Directors, as well as to illustrate their links to other corporations.

Click here for an interactive and fuller version of this IntellectSpace Knowledge Map.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

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3/5/2008 4:22:26 AM Finance Analyst by Sandesh N. Shringarpure I feel , the potential in Chian and India market is too underestimated to work out the valuation. Reply Rating: (0) (0)
3/5/2008 4:22:26 AM Finance Analyst by Sandesh N. Shringarpure I feel , the potential in Chian and India market is too underestimated to work out the valuation. Reply Rating: (0) (0)

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