Millstreet Capital Boosts Stake in Diebold Nixdorf
Ticker: DBD · Form: SC 13D/A · Filed: May 24, 2024 · CIK: 28823
| Field | Detail |
|---|---|
| Company | Diebold Nixdorf, Inc (DBD) |
| Form Type | SC 13D/A |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $42.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, schedule-13d, ownership-change
Related Tickers: DBD
TL;DR
Millstreet Capital just upped their Diebold Nixdorf stake. Big moves coming?
AI Summary
Millstreet Capital Management LLC, through its filing on May 24, 2024, has amended its Schedule 13D regarding Diebold Nixdorf, Incorporated. The filing indicates a change in beneficial ownership, with Millstreet Capital Management LLC now holding a significant stake in the company's common shares.
Why It Matters
This filing signals increased investor interest and potential strategic moves by Millstreet Capital Management LLC concerning Diebold Nixdorf, Inc.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing potential volatility.
Key Numbers
- 253651202 — CUSIP Number (Identifies Diebold Nixdorf, Incorporated's common shares)
Key Players & Entities
- Millstreet Capital Management LLC (company) — Filing entity
- Diebold Nixdorf, Incorporated (company) — Subject company
- BRIAN D. CONNOLLY (person) — Group member of filing entity
- CRAIG M. KELLEHER (person) — Group member of filing entity
FAQ
What is the specific percentage of Diebold Nixdorf, Incorporated's common shares now beneficially owned by Millstreet Capital Management LLC?
The filing does not explicitly state the exact percentage of ownership in this excerpt, but it indicates a change requiring a Schedule 13D amendment.
What was the date of the event that triggered this Schedule 13D/A filing?
The date of the event which requires filing of this statement is May 23, 2024.
Has Millstreet Capital Management LLC previously filed a Schedule 13G for this acquisition?
The filing states, 'If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D...'
What is the business address of Diebold Nixdorf, Incorporated?
The business address is 350 Orchard Ave NE, North Canton, OH 44720.
What is the business address of Millstreet Capital Management LLC?
The business address is 545 Boylston Street, 8th Floor, Boston, MA 02116.
Filing Stats: 1,005 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2024-05-24 16:02:56
Key Financial Figures
- $0.01 — ated (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class o
- $42.50 — n open market transaction at a price of $42.50 per share. (d) Millstreet Credit Fund
Filing Documents
- sch13d.htm (SC 13D/A) — 52KB
- 0000929638-24-001911.txt ( ) — 53KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
is hereby supplemented as follows
Item 5 is hereby supplemented as follows: (a) and (b) See Items 7-13 of the cover pages and Item 2 above. (c) The Reporting Persons did not effect any transactions in the Company's Common Shares during the sixty day period prior to the filing of this Schedule 13D that have not been previously reported, other than the sale on May 23, 2024 of 450,000 Common Shares in an open market transaction at a price of $42.50 per share. (d) Millstreet Credit Fund LP, for which Millstreet serves as investment manager, has the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Shares outstanding. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 24, 2024 MILLSTREET CAPITAL MANAGEMENT LLC By: /s/ Craig M. Kelleher Craig M. Kelleher Managing Member By: /s/ Brian D. Connolly Brian D. Connolly By: /s/ Craig M. Kelleher Craig M. Kelleher