Diebold Nixdorf Inc.’s merger/squeeze-out of Diebold Nixdorf AG, the company's German public subsidiary, is complete.
The move, announced in November, streamlines and simplifies the company's corporate structure and eliminates Diebold Nixdorf AG as a separate corporate entity, immediately terminating its listing on the Frankfurt Stock Exchange.
In addition, under German law, Diebold Nixdorf Inc. 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 Inc. remains publicly-listed and has no longer subsidiary-level free float in Germany.
