Fri, May 15, 10:59 AM
- NCR has hired JPMorgan and has begun talks with potential acquirers, sources tell dealReporter. Shares have spiked higher in response.
- The WSJ reported in April NCR is exploring strategic options such as asset sales and capital returns, while adding a full sale of the company is a less likely option.
Wed, Apr. 22, 6:13 PM
- The WSJ reports NCR is exploring strategic alternatives such as asset divestitures, buybacks, and a dividend. It adds a full sale of the company is considered a less likely option.
- Shares have jumped to $31.82 AH. The report comes two months after activist Jana Partners disclosed a 7.1% stake, and ahead of NCR's April 28 Q1 report.
- Update: The full story is now out. "The company ... is considering alternatives including the spinoff or sale of assets or a return of cash to investors through a dividend or share buyback, people familiar with the matter said. A full sale of the company is also on the table, but some of the people cautioned that is a less-likely outcome."
Jun. 17, 2014, 12:05 PM
- Bloomberg reports Oracle (ORCL +0.9%) is close to buying leading point-of-sale hardware/software vendor Micros (MCRS +17.6%) for ~$5B.
- Micros has soared on the report; its market cap is currently at $5.05B. Peers NCR (NCR +3.4%), VeriFone (PAY +2.2%), and PAR Technology (PAR +4.6%) are also up. Oracle has ticked higher.
- If the report holds, Oracle will be paying ~24x FY15E (ends June '15) EPS. Micros has a long list of retail/hospitality industry clients that Oracle could offer integrated CRM hardware/software solutions to.
- IBM and SAP have each shown an interest in growing software sales to retailers. However, Big Blue sold its POS hardware business to Toshiba in 2012.
Dec. 5, 2013, 2:09 PM
- NCR (NCR -1.3%) is selling $1.1B worth of senior notes - $400M in 2021 notes, $400M in 2023 notes, and $300M in 2025 notes - to help pay for its $1.65B acquisition of online/mobile banking software provider Digital Insight. Moody's had assigned the debt a Ba3 rating. (PR)
- The point-of-sale hardware/software vendor had $460M in cash/equivalents at the end of Q3, and over $2.2B in debt.
- Previous: Commentary on the NCR/Digital Insight deal
Dec. 2, 2013, 4:28 PM
- NCR is acquiring Digital Insight, a major provider of online/mobile banking software and services, for $1.65B. The company hasn't yet disclosed exactly how the deal will be financed - NCR had $460M in cash at the end of Q3, and over $2.2B in debt - but it does say the purchase will be accretive to 2014 EPS. (PR)
- NCR also says it has acquired Alaric Systems, a British provider of secure transaction processing and fraud detection software, for $84M from P-E firm Thoma Bravo. That deal is also expected to be accretive to 2014 EPS.
- The purchases follow NCR's acquisition of retail point-of-sale (POS) software provider Retalix, and represent a huge expansion of the company's efforts to offset slow POS hardware growth (financial services hardware sales have been particularly soft) by ramping its software sales.
- NCR notes Digital Insight has a customer base of 1K+ financial institutions, and will help it both address the mid-market banking segment and "offer its clients additional solutions for mobile, bill pay and online banking."
- NCR +1.6% AH. CC at 5PM ET.
Jan. 10, 2013, 2:39 PMNetSuite (N -1.1%) has acquired Retail Anywhere, a developer of point-of-sale (POS) software for retailers, for an undisclosed sum. NetSuite argues a combo of Retail Anywhere's offerings, which include mobile, analytics, and inventory management software, and NetSuite's SuiteCommerce e-commerce platform allow it to deliver an end-to-end retail solution. The purchase puts NetSuite in competition with NCR, which recently announced it's buying POS software firm Retalix. (more) | Comment!
Nov. 28, 2012, 4:13 PMNCR officially announces it's buying Retalix (RTLX) for $30/share in cash, or $650M. The deal is (unsurprisingly, since it's cash-based) expected to be accretive to 2013 earnings, and is seen closing in Q1. NCR claims Retalix's software and services, used in over 70K retail locations, demonstrates its "transformation to a hardware-enabled, software-driven business model." CC at 5:30 PM ET (webcast). NCR and Retalix are halted - the latter soared after news of the deal broke. (PR) | Comment!
Nov. 28, 2012, 3:00 PMRetalix (RTLX +25.9%) has soared above $27/share on a report from Israel's Calcalist (Google translation) NCR (NCR -0.4%) is buying the company for $30-$31/share. Talks are said to be in the final stages, with a deal expected shortly. Retalix's software offerings for retailers, which include point-of-sale solutions, would complement NCR's point-of-sale hardware. | Comment!
Sep. 7, 2012, 4:39 PMNCR is buying Transoft International, a provider of software that analyzes the cash needs of financial institutions and retailers, for an undisclosed sum. NCR, which sells ATMs and point-of-sale systems to said institutions and retailers, claims Transoft will help it "build a unique and compelling cash management solution." Earlier today, NCR announced a $500M debt offering, which it expects to use to fund its pension plan and pay down outstanding debt. | Comment!
Apr. 16, 2012, 1:32 PM
Jul. 25, 2011, 9:13 AM
Jul. 12, 2011, 12:19 PMShares of Radiant Systems (RADS +30.4%) stay near their opening price, and shrug off an announcement a law firm is investigating the company in connection with the proposed acquisition by NCR Corporation (NCR -0.8%) announced last night. The company is the biggest advancer in the Russell 2000. | Comment!
Jul. 11, 2011, 4:34 PMNCR will be acquiring Radiant Systems (RADS), a maker of point-of-sale systems for the hospitality and specialty retail industries, for $28/share in cash, or $1.2B. NCR sees the acquisition adding a "third core industry vertical" to the company, in addition to its finance and retail offerings (PR). NCR shares are up 2.2% AH. (PR) | 1 Comment
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NCR Corp is a technology company providing products & services enabling businesses to connect, interact & transact with customer. Its products include ATM & financial services software, point of sale devices, self-service kiosks & software applications.
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