NORTH CANTON, Ohio, May 13, 2019 /PRNewswire/ -- Diebold Nixdorf, Incorporated (DBD) today announced that the merger/squeeze-out of Diebold Nixdorf AG, the company's German public subsidiary, is complete, streamlining and simplifying the company's corporate structure. The merger/squeeze-out eliminates Diebold Nixdorf AG as a separate corporate entity and immediately terminates its listing on the Frankfurt Stock Exchange. In addition, under German law, Diebold Nixdorf, Incorporated has now acquired all of the remaining minority shares of Diebold Nixdorf AG utilizing approximately $85 million of funds set aside for this purpose in the company's refinancing transaction in August 2018. With the completion of the merger/squeeze-out, only Diebold Nixdorf, Incorporated remains publicly-listed and has no longer subsidiary-level free float in Germany.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated (DBD) is a world leader in enabling connected commerce. We automate, digitize and transform the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 23,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
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