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Merger talks between Diebold Inc. and Wincor Nixdorf AG were on the rocks in mid-2015, according to a background on the deal disclosed in a registration statement filed Nov. 24.
The transaction, announced Nov. 23, values Wincor at about $1.8 billion.
High-level discussions among the companies' CEOs and board chairmen began in March. In late May, Diebold Chairman Henry Wallace indicated to Alexander Dibelius, chairman of the Wincor supervisory board, that Diebold was interested in making a takeover offer composed of...