Tea leaves are reading mass layoff in 1Q 2024 or positioning for sale or both.
New board
CEO no longer chairman
Executive Directors not replaced and many seats remain officially empty- recent sec filing only acknowledges CEO, CFO and CLO….
Recent SEC filing https://stocks.apple.com/AKa32WWJqQWS3rekvwrTtww
Where did all the $0.01 shares come from? Why are they being sold? Wouldn’t 19M shares give operating control? Kind of looks like DN is being set up to be sold and dismantled for pennies…
3 replies (most recent on top)
https://www.americanbanker.com/payments/news/ncr-diebold-embark-on-new-strategies-to-improve-atms
My opinion is that DN and NCR Atleos get combined or BOTH sold to one buyer.
if it looks like a duck, quack like a duck then its a duck. I sadly do believe that diebold would need to sell a part of the company to keep afloat. Rumor is NCR wants a piece of diebold.