UK Orders Diebold To Cash Out ATM Biz To Clear $2B Merger

Law360, Fort Wayne (March 16, 2017, 3:43 PM EDT) -- Diebold Nixdorf Inc. said Thursday that it plans to divest its customer-operated ATM business in the U.K. as part of a bid to appease the country’s antitrust watchdog and gain approval for its $1.81 billion takeover of Wincor Nixdorf AG.

The company said it is actively pursuing a sale, adding that it already has a purchaser in mind. A sale would put to rest concerns raised by the U.K.’s Competition and Markets Authority, which took issue with the effect the merger would have on the U.K....
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