Diebold In Talks With Wincor Nixdorf On Potential Business Combination

(RTTNews) - ATM machines provider Diebold, Inc. (DBD) confirmed that it has entered into a non-binding term sheet agreement with Germany-based peer Wincor Nixdorf AG (WNXDF.PK, WNXDY.PK)regarding the key parameters of a potential strategic business combination.

Such a business combination would be implemented through a public tender offer for all issued shares of Wincor Nixdorf. The proposed offer price of 52.50 euros per share for Wincor Nixdorf would be paid in cash and Diebold shares.

The total deal value is reportedly 1.7 billion euros or $1.9 billion.

Diebold said it would have no further comment on any potential combination until a binding agreement is reached or the discussions are terminated.