Diebold Nixdorf and Lender Talks Continue as Shares Plunge
- Some of the lenders are still under confidentiality agreements
- Company shares fall nearly 59% Friday on liquidity concerns
Diebold’s shares fell to around 95 cents on the dollar, down nearly 59% on the day.
Photographer: Martin Leissl/Bloomberg
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Diebold Nixdorf Inc. and some of its lenders remain in confidential talks as the automated teller machines maker works to head off a liquidity shortfall, according to people with knowledge of the discussions.
Diebold’s shares sank Friday after the company disclosed in a regulatory filing that it’s facing near-term pressure on liquidity. The company included language in the filing saying “substantial doubt exists” about its ability to continue as a going concern.