Updated Thursday, May 22, 2008 0:00 am TWN, AP

UTC may drop US$2.6 bil. bid for Diebold, CEO says

HARTFORD, Connecticut -- The new chief executive of United Technologies Corp. said Tuesday that the industrial conglomerate may drop its US$2.6 billion (euro1.6 billion) bid for Diebold Inc. without more financial information from the ATM manufacturer. Diebold in late April issued revenue estimates for the first quarter, but did not release any profit figures.
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