Diebold Stock Soars After $3 Billion Takeover Bid by Defense
Contractor Conglomerate United Technologies
UTC Chairman Says Irresponsibile Republican Voting Machine
Company an 'Excellent Fit', in Letter Explaining Hostile Offer, Twice Rejected
Prices for Diebold stock shares are soaring out of the 7-year
basement this morning, where they'd been sitting for the past several months
since a coordinated insider
sell-off by a dozen or so officers on the very same day last August when the
stock had been near it's 52-week high at $53.04/share. Within days after the
sell-off, the company renamed its humiliated
Diebold Elections Division to call it Premier Election Solutions, and the stock had been falling, some 50% in total ever since. Until
Yesterday, the New York Times reported a hostile $3 billion
take-over attempt of the entire company by defense contractor conglomerate
United Technologies Corp. (UTC).
As of 2pm ET today, much-investigated, much-beleagured, much-failing
Diebold's share price has soared some 60% to more than $38/share from it's
previous $23 low.
Diebold's board had unanimously rejected a similar offer from UTC
two years ago, and the company once again rebuffed a private offer in February,
requesting that United Technologies "refrain from contacting any of its
directors." Over the weekend, UTC went public with their offer which has both
Wall Street, and Election Integrity advocates abuzz with the
COMPLETE COVERAGE: http://www.bradblog.com/?p=5759
So with a major military-industrial complex company buying Diebold the
election fix should be in for sure. Why stage a "terrorist" attack if you can
buy the voting company? Remember Diebold's CEO Wally O'Dell's promise to
"deliver" Ohio for Bush? Remember which state gave Bush his victory in 2004?
Know which county election officials in Ohio went to jail for election fraud?
And so on, ad nauseum...