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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (63395)	9/30/1999 11:29:00 AM
From: kfdkfd	Read Replies (1) of 90042

Siemens still raising cash, HMMMMM! wonder why? Siemens sees Nixdorf unit sale in weeks MUNICH, Sept 30 (Reuters) - German industrial group Siemens AG on Thursday declined to name potential buyers for its Nixdorf automated teller machines (ATM) and cash registers unit but said a deal would be announced within weeks. U.S. media reports said the German company is talking to Diebold Inc (NYSE:DBD - news) about selling it Nixdorf for about $1.5 billion but that Diebold was not that interested in taking on the cash register part of the business. Without naming potential bidders, a Siemens spokeswoman said: ``We are talking to potential buyers and are in the last round of talks. It (a deal) may happen in the next couple of weeks.' Siemens is undergoing a vast restructuring that involves spinning off nine units with sales totalling 17 billion marks by next March. It announced on Tuesday that U.S. diversified manufacturing and services firm Tyco International (NYSE:TYC - news) had bought its electromechanical components division for two billion marks. Next month Siemens will partially float its Epcos passive components unit and next year it will list its Infineon Technologies semiconductor division.

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