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Cash-Machine Maker Wincor Surges After Diebold Takeover Approach

Wincor Nixdorf AG shares jumped as much as 12 percent after the German cash-machine maker was said to have received a takeover approach from a U.S. rival.

Diebold Inc. contacted Wincor about a potential acquisition last week, according to a person familiar with the matter who asked not to be identified because the matter is confidential. In a statement Wednesday, Wincor said staying independent is the “best course of action” and that it isn’t in negotiations over a merger or acquisition.