May 22, 2019
NCR Corp. shares have added several percentage points in value since Monday, when Deal Reporter, citing unidentified insiders, said that private equity firm Warburg Pincus was in talks to buy the ATM-maker. Shares closed at $31.98 Tuesday afternoon, a 5.09% increase from $30.43 at the opening bell Monday.
Speculation has swirled about the possible sale of NCR in recent weeks, however, the company has kept mum about its plans. Asked during the company's Q1 earnings call on May 7 about "strategic interest" in the company, president and CEO Mike Hayford offered an oblique reply, according to a transcript of the call published by Seeking Alpha:
I don’t think we're going to try to get our words ahead of our actions and our results. I think our board is 100% behind us on what it is going to take and how we're going to get there [i.e., value creation]. Our focus is executing on the products that can take care of our customers and executing the plan. I think our board understands that that execution will yield value to our shareholders at some point in the future and I think they are patient enough to stick with us on that.
Topics: ATMs, Mobile Banking, NFC, Technology Providers, Transaction Processing
Companies: NCR Corporation
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