Diebold revises Q2 EPS to (35c) from previous (25c) The company adjusted the 2013 valuation allowance charge on certain Brazil deferred tax assets from $(0.51) per share to $(0.61) per share for the quarter, or $(0.62) for the year-to-date period. This resulted in a revised second quarter 2013 loss from continuing operations of $(1.65) GAAP, or $(0.35) non-GAAP*. The second quarter non-GAAP* loss includes the valuation allowance on certain Brazil deferred tax assets of $(0.61). The adjustment had no impact on Diebold's cash flow and no significant impact on its balance sheet. In addition, the company has adjusted full-year 2013 non-GAAP* EPS guidance to 68c -78c, including the valuation allowance on certain Brazil deferred tax assets of $(0.62). Full disclosure of the Brazil tax matters is available in the company's Form 10-Q filed today.
Diebold commences takeover offer for Wincor Nixdorf shares Diebold announced it has commenced the voluntary public takeover offer for all no-par value bearer shares of Wincor Nixdorf Aktiengesellschaft. The German Federal Financial Supervisory Authority approved the publication of the German offer document. Diebold is offering EUR 38.98 in cash and 0.434 common shares of Diebold in exchange for each Wincor share.