Forex 3333 Investment

Best of all forex investment , Only 1 pip , Free Advertise too .
HomePortalFAQSearchRegisterMemberlistUsergroupsLog in
Trade Forex ,NASDAQ 100,Gold,Oil ,Other More

Trade Forex , CFD , major Stock Indices ,

NASDAQ 100, Gold ,Oil , Other More .

To Join Click Here

Free Advertise

Free Advertise Forum

Yahoo Groups

Google Groups

MSN Groups

Deposit Money Using Moneybookers

( IT  Free to Sign up )

Join this Forums


Free Adv & Investment

Free Advertise & Investment


 Free Advertise

Latest topics
» Learn and earn in the easiest way with Penny Stock trading!
Wed Oct 14, 2015 5:59 pm by Grace Stearn

» Forex expositions by ShowFxWorld.
Thu Sep 03, 2015 4:06 pm by ShowFxWorld

» Reasons why this price action forex pin bar failed.
Fri Aug 31, 2012 1:23 pm by asiaforexmentor

» Which trend should I look? The long term or short term?
Sat Aug 25, 2012 3:45 pm by asiaforexmentor

» Psychology Of Forex Trading
Wed Aug 15, 2012 6:45 pm by asiaforexmentor

»  Forex Trading Strategies & System – 2nd Chance
Wed Aug 08, 2012 6:46 pm by asiaforexmentor

» Forex Trading Strategies – Fibonacci
Sat Aug 04, 2012 12:26 am by asiaforexmentor

» Forex Price Action – Why did one Price Action Pin work and not the other.
Mon Jul 16, 2012 5:29 pm by asiaforexmentor

» can u please tell me how to over come a situation like This?
Mon Jul 09, 2012 5:32 pm by asiaforexmentor

» Forex Trading Systems – Ping Pong Trade
Thu Jul 05, 2012 12:26 pm by asiaforexmentor

» Internet Marketing Made Easy
Fri Jun 22, 2012 12:33 pm by Joshua088

» Forex Trading Strategies – Its all about Boxes
Mon Jun 18, 2012 8:45 pm by asiaforexmentor

» The Super Power Forex Trading Secrets.
Mon Jun 11, 2012 3:18 pm by asiaforexmentor

» Should we or should we not take this trade?
Tue May 22, 2012 5:28 pm by asiaforexmentor

» How do you trade the news in forex trading?
Wed May 16, 2012 9:16 pm by asiaforexmentor

» Need a script for MT4
Tue May 15, 2012 6:49 pm by tarhun

» Forex Trading Psychology: Levels of FEAR
Mon May 07, 2012 2:48 pm by asiaforexmentor

» How to take this Price Action Pin Bar(Part 2)
Mon Apr 30, 2012 3:51 pm by asiaforexmentor

» How to take this Price Action Pin Bar(Part 1)
Mon Apr 23, 2012 5:26 pm by asiaforexmentor

» Forex Trading System – Damn i just missed this trade!
Tue Apr 17, 2012 3:40 pm by asiaforexmentor

Wed Apr 11, 2012 5:41 pm by asiaforexmentor

» How to be consistently profitable in forex trading.
Wed Apr 04, 2012 9:21 pm by luzfxtrader

» Forex Trading Is Like stacking a Pack of Cards.
Mon Mar 19, 2012 5:58 pm by asiaforexmentor

» How I Turned a Losing Trade to a Winning Trade.
Mon Mar 12, 2012 11:01 pm by asiaforexmentor

» Forex Breakout Strategy: Simple Trade, Simple Profits.
Mon Mar 05, 2012 11:47 pm by asiaforexmentor

» Learn FX Trading -> Your Forex Work Station.
Tue Feb 28, 2012 3:16 pm by asiaforexmentor

» MT4 account Copier
Wed Feb 22, 2012 9:33 pm by vic2

» Price Action Forex -Why Forex Trading is Easy with Price Action?
Mon Feb 20, 2012 9:01 pm by asiaforexmentor

Mon Feb 13, 2012 1:24 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System
Mon Feb 06, 2012 4:12 pm by asiaforexmentor

» Importance of stop loss placement in forex trading.
Tue Jan 31, 2012 12:53 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor
Wed Jan 25, 2012 10:38 am by asiaforexmentor

» church or school fundraiser
Tue Jan 17, 2012 5:26 am by jclassified

Tue Jan 17, 2012 5:26 am by jclassified

Tue Jan 17, 2012 5:26 am by jclassified

» Let’s Make Year 2012 a Great Year.
Mon Jan 16, 2012 1:21 pm by asiaforexmentor

Tue Jan 10, 2012 11:28 am by asiaforexmentor

» Risk Management in Forex Trading.
Tue Dec 27, 2011 4:50 pm by asiaforexmentor

» What’s your winning probability?
Mon Dec 19, 2011 5:49 pm by asiaforexmentor

» What’s the currency you hold in your forex broker account?
Mon Dec 12, 2011 4:00 pm by asiaforexmentor

» Professional Forex Trading Strategies.
Wed Dec 07, 2011 4:34 pm by asiaforexmentor

» about forex
Tue Nov 29, 2011 3:20 am by shasha2222

» Forex News Trading – Why should you NOT trade this!
Mon Nov 28, 2011 6:28 pm by asiaforexmentor

» What is Price action?
Mon Nov 21, 2011 1:03 pm by asiaforexmentor

» What can we expect for the EUR and the USD?
Tue Nov 15, 2011 7:08 pm by asiaforexmentor

Tue Nov 08, 2011 12:22 pm by asiaforexmentor

» Online Forex Trading: Are You A Lion or a Cub?
Tue Nov 01, 2011 12:33 am by asiaforexmentor

» Whats your Risk percentage per trade?
Mon Oct 24, 2011 3:58 pm by asiaforexmentor

» WHY you should NEVER Trade Live without learning a Proper Forex Course
Mon Oct 17, 2011 2:48 pm by asiaforexmentor

» Forex Breakout: Why are they so profitable?
Thu Oct 06, 2011 3:20 pm by asiaforexmentor


Display results as :
Rechercher Advanced Search

Share | 

 United Tech Offers To Buy Diebold For $3 Bln - Update [UTX]

Go down 

Number of posts : 3
Registration date : 2008-03-03

PostSubject: United Tech Offers To Buy Diebold For $3 Bln - Update [UTX]   Mon Mar 03, 2008 11:18 am

3/2/2008 6:49:58 PM United Technologies Corp. (UTX) said Sunday that it has made an offer to the board of Diebold Inc. (DBD) to buy all the outstanding shares of Diebold for about $3.0 billion or $40.00 per share in cash.

UTC's proposal represents a premium of about 66% to Diebold's closing stock price on Feb. 29, 2008. The proposal is not subject to any financing contingency.

George David, Chairman and CEO of United Technologies said, “This transaction creates significant and immediate value for Diebold shareholders with no operational risk, while creating long term value for UTC shareholders. Diebold represents an excellent fit with UTC, with its strong market position, U.S. footprint, and balance between product and service revenues.”

North Canton, Ohio-based Diebold is a manufacturer of ATMs and voting machines. Last month, the company said it would cut about 800 jobs or 5% of its global work force, due to the deteriorating condition of the credit markets within the U.S. bank industry that is expected to curtail demand for ATMs.

The job cuts, which are contemplated to occur in North America, Brazil and select areas of Western Europe, were in addition to the company's ongoing $100 million cost-reduction program. The company said the job cuts began in the fourth quarter of 2007, with more than 100 positions having already been eliminated, and will continue through the rest of 2008.

Diebold estimates that the impact of the change in its revenue recognition method will result in a net revenue increase for the full years 2007 and 2006 of about $31 million and $27 million, respectively. The cumulative net revenue impact from the change in revenue recognition method will result in a decrease of $190 million to previously reported revenue in years prior to 2006.

Accordingly, Diebold estimated its full year 2007 revenue to be about $2.953 billion, up about 1% from the revised full year 2006 revenue of $2.933 billion. The company also expected 2008 revenue to grow 6% to 8% over full year 2007. Additionally, Diebold said it expects an ongoing review of accounting items to be over by the end of the first quarter or during the second quarter of 2008.

In a letter to Diebold's Chairman of the board, UTC said it would finance the share acquisitions with current cash balances and other readily available sources of funds.

UTC also said, “Additional value could be identified, and a higher price proposal for Diebold's shares could result. We are prepared to begin immediately and believe a definitive agreement can be completed within thirty days.”

Hartford, Connecticut-based UTC is a provider of technology products and services to the building systems and aerospace industries worldwide.

In January, UTC posted fourth quarter net income of $1.06 billion or $1.08 per share, compared to $865 million or $0.87 per share in the prior year quarter. Quarterly revenues grew to $14.7 billion from $12.8 billion in the prior year quarter.

Last month, the company reaffirmed 2008 earnings outlook of $4.65 to $4.85 per share. UTC also indicated that it continues to expect cash flow from operations less capital expenditures to equal or exceed net income, and that revenues for the year will increase to about $59 billion, including mid single digit organic growth. As of December 31, 2007, UTC had cash and cash equivalents of $2.90 billion.

UTX closed Friday's regular trading session at $70.51, down $1.66 or 2.30%. DBD ended Friday's regular trading session at $24.12, down 85 cents or 3.40%. In the after-hours, the shares gained 34 cents or 1.40%.
Back to top Go down
View user profile
United Tech Offers To Buy Diebold For $3 Bln - Update [UTX]
Back to top 
Page 1 of 1
 Similar topics
» United Motors Group achieves highest ever Rs 2.27 b PAT
» Relations between Iraq and the United Nations
» SLT offers affordable broadband to government employees
» United Motors' profits surge 135% with tough year ahead
» UML -----United Mortors Final DIVIDENT 4 per share

Permissions in this forum:You cannot reply to topics in this forum
Forex 3333 Investment :: Forex Investment :: Forex Investment Forum-
Jump to: