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ATM giant Diebold agreed to purchase competitor Wincor Nixdorf in a $1.8 billion deal, the companies announced today.

The North Canton, Ohio-based Diebold said it would offer shareholders of Wincor Nixdorf, which is based in Paderborn, Germany, €38.98 in cash plus 0.434 Diebold common shares for each share of the company. The price represents a 35% premium over Wincor Nixdorf’s closing share price on Oct. 16, 2015, which was the day before the companies confirmed they were in merger discussions.

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Tina Orem


Credit Union Times

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