S&C client Diebold, Incorporated, completed its previously announced $1.9 billion acquisition of Wincor Nixdorf Aktiengesellschaft. Diebold launched its tender offer on February 5, pursuant to a business combination agreement regarding a strategic business combination with Wincor Nixdorf entered into on November 23, 2015. Diebold announced that it successfully reached the minimum tender condition of the tender offer on March 24, 2016. The offer consideration consisted of €38.98 in cash and 0.434 of Diebold common shares per Wincor Nixdorf ordinary share (the equivalent of approximately $56.3 per share on March 28), which valued Wincor Nixdorf at approximately $1.9 billion.

A combination of Diebold, headquartered in North Canton, Ohio, and Wincor Nixdorf, headquartered in Paderborn, Germany, creates a company with leading products and technology for automated teller machines and associated software. Wincor Nixdorf also manufactures certain machines for retail points-of-sale, and both Diebold and Wincor Nixdorf provide services associated with their machines. Diebold is publicly listed on the New York Stock Exchange, and Wincor Nixdorf is publicly listed on the Frankfurt Stock Exchange.

The S&C team advising Diebold includes Mr. Aquila and Ms. Clarkin in New York, and Mr. Berrar, Mr. Schnorbus and Mr. Birke in Frankfurt. Mr. Holley is advising in respect of U.S. antitrust matters, and Mr. Rodriguez is advising in respect of E.U. and worldwide competition matters. Mr. Seymour is advising in respect of FCPA matters. Mr. Creamer is advising in respect of tax matters.