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Diebold clears antit-trust provisions in Wincor Nixdorf acquisition

18 February 2016  |  1748 views  |  0 Source: Diebold, Incorporated

Diebold, Incorporated (DBD), today announced that the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been terminated early, with respect to the company's definitive agreement to acquire Wincor Nixdorf AG (WIN.F).

With this achievement, significant regulatory requirements have now been satisfied in the home countries of Diebold and Wincor Nixdorf, representing nearly half of the global revenues of the future combined business: Previously, Diebold and Wincor Nixdorf satisfied the regulatory requirements in the United States and Germany to launch the tender offer for all outstanding shares of Wincor Nixdorf.

"Achieving the Hart-Scott-Rodino milestone in the United States is a meaningful step toward completing the business combination with Wincor Nixdorf, and I am encouraged that the process continues to move forward," said Andy W. Mattes, Diebold president and chief executive officer. "Our pre-integration planning with the Wincor management team is progressing in a very positive direction, which gives us confidence we can hit the ground running and achieve synergies quickly. There is tremendous opportunity in this business combination that will create significant customer and shareholder value."

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