Diebold acquires a 69.9% stake in Wincor Nixdorf

U.S-based software services provider Diebold Inc. acquired a 69.9% stake in Wincor Nixdorf through its takeover offer which ended on 12 April 2016. Diebold would acquire the remaining shares in a transaction that is expected to close out in mid-2016.

Diebold’s voluntary offer had exceeded the minimum acceptance rate of 67.6% post the expiry of the additional acceptance period in which 22.8m Wincor Nixdorf shares had been tendered. In addition, Diebold held voting proxies for 241,324 of Wincor’s shares. Together, the number of shares and voting proxies represented approximately 69.9% of the share capital and voting rights in Wincor.

Previously, Diebold had issued a $1bn TLB facility towards financing the acquisition.

Source: PRNewswire