HARTFORD, Conn., March 5 /PRNewswire-FirstCall/ -- United Technologies
Corporation (NYSE: UTX) today issued the following statement regarding its
offer to Diebold Inc.'s (NYSE: DBD) Board of Directors:
United Technologies Corporation remains committed to its offer.
Diebold's financial and stock performance and the inability of Diebold's
leadership to file timely financial statements are not valid reasons to
avoid a dialogue with UTC.
UTC reaffirms its proposal to purchase the outstanding shares of
Diebold for $40 per share cash, a 66% premium to Diebold's closing stock
price on February 29th. UTC remains ready to discuss its proposal with the
Diebold Board of Directors. UTC's management team, and financial and legal
advisors are available to meet with Diebold and begin due diligence
immediately.
United Technologies, based in Hartford, Conn., is a diversified company
that provides high technology products and services to the building and
aerospace industries.
This communication does not constitute an offer, or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval.
Statements in this release that are "forward-looking statements" are based
on current expectations and assumptions that are subject to risks and
uncertainties. All information in this communication is as of March 5,
2008. United Technologies Corporation undertakes no duty to update any
forward- looking statement to conform the statement to future events or to
changes in the company's expectations.
Contacts:
Peter Murphy, UTC Judith Wilkinson / Eric Brielmann
(860) 728-7977 Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
John Moran, UTC
(860) 728-7062
UTC-IR
SOURCE United Technologies Corp.
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Related links:
http://www.utc.com
http://www.prnewswire.com/comp/913919.html/
CONTACT:
Peter Murphy, +1-860-728-7977, or John Moran,
+1-860-728-7062, both of United Technologies Corp.; or Judith
Wilkinson or Eric Brielmann, both of Joele Frank, Wilkinson
Brimmer Katcher, +1-212-355-4449
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