Acquisitions

Thomas Hobbes, one of the major english philosophers of the 17th century was convinced that people innate the instict of self preservation. Everybody has this instict, we always want to have more and more and in order to get it and to survive we` re able and ready to do anything. Its a state of war- everyone against everyone.Transforming from 17th century back to present we can see that the world didn`t change. It just works a little bit different than in the past. Instead of just killing or beat up someone, we cheat and intrigue.And we try to do it faster than the others and not always necessarily by holy means.The world is like e-Bay. People sell, buy and try to be better and to have more than the others.You can read everyday in the papers which company is buying another company, wants to buy another company..If you don`t buy, you get bought. Thats how it works.Today we can concentrate on a certain company called UTC (stands for United Technologies Corporation) which wants to buy another company called Diebold Inc.UTC is a mixed affiliated group which owns e.g. helicopter manufacturers, elevator and escalator specialists, heating and air conditioning systems and many others. They want to buy Diebold Inc., offering the company almost 3 billion dollars. Diebold is specialized on ATM, security systems, voting machines and cash registers. They don`t want to be bought by United. The offer was unwanted and clearly undervaluated. So its probably gonna be more of a hostile acquisition than a peaceful fusion. The Diebold shares rised at more then 60 %. since the announcement though. I guess thats more then good.Maybe they `ll change their mind after all.

related story: http://news.yahoo.com/s/ap/20080303/ap_on_bi_ge/united_technologies_diebold;_ylt=AvXjuMBcyC2KrnI.PPIXPHms0NUE

by Livia Necasova for PocketNews (http://pocketnews.tv)

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edited by Beata Biskova

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom