Posts with tag United Technologies
Posted May 20th 2008 2:00PM by Paul Foster
Filed under: Deals, Engagements, Investments
Diebold (NYSE: DBD) is recently down 32 cents to $39.97.
United Technologies (NYSE: UTX) announced on March 3 that it had made a proposal to acquire all outstanding shares of DBD for $40 per share in cash. This afternoon Dow Jones reported UTX's CEO called $40 a share bid for DBD a good offer, and DBD is not a must have.
DBD June option implied volatility of 18 is below its 2-month average 24 of according to Track Data, suggesting decreasing price movement.
M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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