ATM tech firm Diebold Nixdorf is in talks with lenders amid speculation over a buyout.The firm has said that it is “in constructive and productive discussions with its lenders regarding its future financial flexibility” and expects to reach a resolution in the near-term. At the end of July 2018, the Company held, through Diebold KGaA, 77.1% of the outstanding shares of Diebold Nixdorf AG. In August 2018, Diebold Nixdorf AG shareholders, as per their right under the terms of the company's acquisition of Diebold Nixdorf AG, have requested redemptions for about 3.8 million shares (corresponding to 12.9% of the outstanding shares) with a value of about $255 million.Financial media CNBC has reported that the firm has hired financial advisers to seek a sale, according to people familiar with the matter.No deal is assured, and talks with potential buyers aren't advanced, said the people, who asked not to be identified because the discussions are private. Diebold hired Credit Suisse and Evercore last week to help identify potential buyers, and it's too early to determine a price for the company, said the people.
Diebold Nixdorf in talks with lenders
