Brief: NCR buys Tidel ATM business

Brief: NCR buys Tidel ATM business

US ATM manufacturer NCR Corporation has signed an agreement to acquire Texas-based Tidel Technologies' cash machine business.

The deal is expected to close in the fourth quarter of 2005, after Tidel has filed its audited financial reports necessary for a shareholder vote.

Tidel also says it has retained the investment banking firm Stifel, Nicolaus & Company to sell its remaining timed-access cash controller business, as required by a financing agreement with its lender.

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