NCR Corporation (NCR) Confirms Offer to Acquire Cardtronics (CATM)

  • January 11, 2021

POTENTIAL DEAL DETAILS

StockCardtronics plcSymbolCATM
Date Announced01/11/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person NCR Corporation
Date of Confirmation: 01/25/2021Price at Confirmation: $38.55
Potential Profit: -5.03%Annualized Profit: -131.03%

NCR Corporation (NCR), a global enterprise technology provider for the financial, retail and hospitality industries, today confirmed that it has submitted an offer to acquire all outstanding shares of Cardtronics (CATM) for $39.00 per share in cash.

Update(s):

January 24, 2021: NCR Corp. (NCR) is nearing a deal to buy Cardtronics PLC (CATM) after outbidding a pair of investment firms that had earlier agreed to buy the ATM operator.

January 25, 2021: NCR Corporation (NCR), a global enterprise technology provider for the financial, retail and hospitality industries, and Cardtronics (CATM)), the world’s largest non-bank ATM operator and service provider, today announced that they have entered into a definitive agreement under which NCR will acquire all outstanding shares of Cardtronics for $39.00 per share in an all-cash transaction with an enterprise value of approximately $2.5 billion, including debt. The transaction has been approved by the Boards of Directors of both companies.

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