23 August 2017
visit www.avoka.com

NCR stock rises amid new buyout rumours

20 July 2015  |  4204 views  |  0 atm

ATM manufacturer NCR enjoyed a significant rise in its share price last week after Reuters reported that a private equity firm was planning a $9 billion bid for the company.

US-based Thoma Bravo is reported to be seeking to borrow almost seven times the annual earnings of NCR to acquire the ATM maker in what would be the largest leveraged buy-out deal so far in 2015. The private equity firm will have to raise at least $2 billion in equity and is seeking to assemble a consortium of investors to raise the remaining finances.

NCR has been attracting interest from private equity investors ever since it posted underwhelming quarterly earnings last month and faced shareholder pressure to seek a buyer.

In June Blackstone and Carlyle, the world's two biggest private equity firms, clubbed together to make a $10 billion bid for NCR. However, Reuters reports that they are skeptical of raising enough for a successful bid.

Along with Diebold, NCR is one of the world's major manufacturers of ATMs and PoS terminals. However retailers are increasingly moving away from these traditional tools and this has led to a slide in NCR's share price in recent months. The firm has tried to branch out into the software market and launched a cloud-based software system for ATMs in April.

However, fresh news of a possible buyout lifted the firm's share price by as much as seven per cent at one point last Friday.

Over the last 12 months, NCR's hare price has fallen by as much as 11% and its first quarter revenue of $1.48 billion was three per cent down on the 2014 figure for the same period, according to Reuters.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Blackstone and Carlyle eye $10bn NCR bid - Reuters

Blackstone and Carlyle eye $10bn NCR bid - Reuters

16 June 2015  |  5125 views  |  0 comments | 8 tweets | 3 linkedin
Wincor Nixdorf plays down talk of acquisition by Diebold

Wincor Nixdorf plays down talk of acquisition by Diebold

11 June 2015  |  6428 views  |  0 comments | 8 tweets | 4 linkedin
NCR bids to disrupt the cash machine

NCR bids to disrupt the cash machine

15 April 2015  |  9086 views  |  1 comments | 24 tweets | 23 linkedin
NCR to offer bitcoin payments via iPOD POS; activates cash function at video ATM

NCR to offer bitcoin payments via iPOD POS; activates cash function at video ATM

10 November 2014  |  10727 views  |  2 comments | 9 tweets | 7 linkedin
Digital investments top priority for retail banks - BAI

Digital investments top priority for retail banks - BAI

15 October 2014  |  10013 views  |  0 comments | 13 tweets | 13 linkedin
Payments industry challenged by soaring growth in non-cash transactions

Payments industry challenged by soaring growth in non-cash transactions

30 September 2014  |  14347 views  |  0 comments | 36 tweets | 19 linkedin
NCR agrees $1.65bn Digital Insight acquisition

NCR agrees $1.65bn Digital Insight acquisition

03 December 2013  |  3904 views  |  0 comments | 1 tweets | 1 linkedin
Diebold posts Q1 net loss; cuts 700 jobs

Diebold posts Q1 net loss; cuts 700 jobs

01 May 2013  |  10198 views  |  0 comments | 3 tweets | 1 linkedin

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
19478 views comments | 42 tweets | 80 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13313 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11925 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11173 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11036 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job