![]() ![]() NCR shares rose 2% to USD 19.50 in after market trade. Jefferies & Co is acting as lead financial adviser, while SunTrust Robinson Humphrey is acting as co-advisor to Radiant. The company will raise about USD 1.1 billion of new debt to finance the deal.Ītlas Strategic Advisors LLC and JP Morgan Securities LLC acted as financial advisers to NCR. NCR said the deal would add to its adjusted earnings in 2012. "While that initiative has been successful, it does not offer nearly the same type of complimentary industry adjacency as Radiant's business," Nuti said on the call. NCR had planned to make entertainment its third vertical and had focused on expanding its current network of DVD kiosks that are deployed at supermarkets, convenience stores and drug stores. Radiant's customers include Exxon Mobil, Kroger and Nordstrom. Luria said Micros Systems could be interested in making a rival offer for Radiant.Īlpharetta, Georgia-based Radian makes touch screen terminals, servers, handheld devices and software to manage operations such as day-to-day transactions, costs and employee management. They can help NCR grow their retail business faster." "Radiant has been outgrowing the market for a few years. "It is a very good acquisition for NCR," said Gil Luria, an analyst with Wedbush Securities. The acquisition, NCR's biggest ever, will help the company tap the USD 8 billion market for point of sales terminals used by the hospitality and specialty retail industries. NCR operates DVD kiosks that compete with Coinstar's Redbox and Netflix. Radiant Rose Creates is now just Radiant Rumble. No more Radiant Rose is the company, and Radiant Rumble is the blog. I know it feels like I’ve done this before, but this time it’s different. With this deal, NCR will give up its ambitious plans for its entertainment business and is exploring strategic options for that, CEO William Nuti said on a conference call with analysts. Rose radiant media llc phone number free It’s not just about a better name or better site. NCR offered USD 28 a share for Radiant - 31% more than Radiant's last closing price, adding a third vertical to its business that currently includes finance and retail. Pharma Industry Conclave Unlocking opportunities in Metal and MiningĪTM maker NCR Corp is to buy Radiant Systems Inc, which makes cash registers and other point-of-sale devices, for about USD 1.2 billion in cash to expand into the hospitality and specialty retail industries.Life Insurance Made Simple Headwinds and Tailwinds.The Cloud Enterprise Sustainability 100+.Interview Series Business In The Week Ahead.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |