NCR Corp. (NCR) is in advanced talks to merge its automatic teller machine, or ATM, business with cash management firm Brink’s (BCO) to create a combined company worth close to $12B, including debt, people familiar with the matter told Reuters’ Svea Herbst-Bayliss. The deal would be structured as a Reverse Morris Trust and would allow NCR to merge the ATM business at a $5.5B valuation, the report said. NCR shares are up nearly 3% after the news.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NCR:
- NCR Corp. in talks to merge ATM business with Brink’s, Reuters reports
- NCR Corp. announces Michael Hayford is retiring as CEO following separation
- NCR Corp. announces investment in Clip Money
- NCR Corp. downgraded to Neutral from Buy at Northcoast
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue