NORTH CANTON, Ohio and
PADERBORN, Germany, Dec. 20, 2016 /PRNewswire/ -- Diebold
Nixdorf (NYSE: DBD), a global leader in providing consumer and cash
transaction solutions for the financial and retail industries,
today announced the U.K. Competition and Markets Authority (CMA)
has published provisional findings in connection with the business
combination of Diebold, Incorporated and Wincor Nixdorf.
Diebold Nixdorf is pleased that
the CMA has not called into question the global transaction and
integration of the businesses outside the United Kingdom, and that any remedies required
to preserve competition in the United
Kingdom will involve the least costly and intrusive remedies
needed. Diebold Nixdorf is
also pleased that the CMA is committed to continue working with the
company and that the CMA will consider both behavioral and
structural remedies to address and resolve their review as
expediently as possible. The process is expected to be completed
during the first half of 2017.
On Aug. 15, Diebold, Incorporated
completed its acquisition of Wincor Nixdorf AG, achieving approval
from shareholders and key regulatory authorities around the
world. In the United
Kingdom, however, the Diebold and Wincor Nixdorf brands and
operations are to remain separate and distinct pending completion
of the CMA's review of the transaction.
About Diebold Nixdorf
Diebold Nixdorf is a world leader in
enabling connected commerce for millions of consumers each day
across the financial and retail industries. Its software-defined
solutions bridge the physical and digital worlds of cash and
consumer transactions conveniently, securely and efficiently. As an
innovation partner for nearly all of the world's top 100 financial
institutions and a majority of the top 25 global retailers,
Diebold Nixdorf delivers
unparalleled services and technology that are essential to evolve
in an 'always on' and changing consumer landscape.
Diebold Nixdorf has a presence in
more than 130 countries with approximately 25,000 employees
worldwide. The organization maintains corporate offices in
North Canton, Ohio, USA and
Paderborn, Germany. Shares are
traded on the New York and
Frankfurt Stock Exchanges under the symbol 'DBD'. Visit
www.DieboldNixdorf.com for more information.
Forward-Looking Statements
Certain statements
contained in this communication regarding matters that are not
historical facts are forward-looking statements (as defined in the
Private Securities Litigation Reform Act of 1995). These include
statements regarding management's intentions, plans, beliefs,
expectations or forecasts for the future including, without
limitation, the business combination with Wincor Nixdorf. Such
forward-looking statements are based on the current expectations of
Diebold and involve risks and uncertainties; consequently, actual
results may differ materially from those expressed or implied in
the statements. By their nature, forward-looking statements involve
risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance
and actual results of operations, financial condition and
liquidity, and the development of the industries in which the
combined company operates may differ materially from those made in
or suggested by the forward-looking statements contained in this
document. In addition, risks and uncertainties related to the
acquisition include, but are not limited to, the ability to
successfully integrate the businesses of Diebold and Wincor
Nixdorf, the timing, receipt and terms and conditions of any
governmental and regulatory approvals that could reduce anticipated
benefits or cause the parties to abandon the business combination,
risks associated with the impact of the business combination
agreement, the contemplated domination and profit and loss transfer
agreement and any related litigation may have on the business and
operations of the combined company, risks related to disruption of
management time from ongoing business operations due to the
acquisition, and the risk that the acquisition could have an
adverse effect on the ability of the combined company to retain and
hire key personnel and maintain relationships with its suppliers,
and on its operating results and businesses generally. These risks,
as well as other risks are more fully discussed in Diebold's
reports filed with the SEC and available at the SEC's website at
www.sec.gov. Any forward‑looking statements speak only as at the
date of this document. Except as required by applicable law,
neither Diebold nor Wincor Nixdorf undertakes any obligation to
update or revise publicly any forward-looking statement, whether as
a result of new information, future events or otherwise.
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visit:http://www.prnewswire.com/news-releases/competition-and-markets-authority-in-united-kingdom-issues-provisional-findings-in-connection-with-diebold-nixdorf-combination-300381856.html
SOURCE Diebold Nixdorf