NCR stock moves up on sale talks

NCR stock moves up on sale talks

Share in NCR rose shortly before Monday's closing bell in New York following reports that the ATM manufacturer is working with Bank of America Equities on a potential sale.

Sources told Deal Reporter that the company has been talking with Warburg Pincus over the past few weeks while Apollo Global Management and other private equity firms are also said to be looking at joining the process.

The report adds more flesh to market rumours that surfaced in early May that NCR had received interest from potential suitors.

Shares in the company ticked up to 30.76 on the new report, giving the company a market cap of $3.69 billion and an estimated valuation of close to $7 billion including debt.

Comments: (1)

A Finextra member
A Finextra member 21 May, 2019, 11:58Be the first to give this comment the thumbs up 0 likes

NCR need to invest heavily in software and divest away from legacy hardware.  Until this happens they are a car crash waiting to happen.