NCR buys Retalix
Feb 07, 2013 (TELECOMWORLDWIRE via COMTEX) --
NCR corporation (NYSE: NCR) reported it has completed its acquisition of Retalix Ltd. (NASDAQ: RTLX), a global provider of retail software and services.
NCR CEO Bill Nuti said, "Retalix's market-leading software, services capabilities, and exceptional talent are a strategic fit for NCR, and support our continued focus on a future driven by software, wrapped elegantly in hardware and services."
In the transaction, NCR is paying a cash purchase price of $30 per Retalix share, implying a transaction value of approximately $650 million, excluding transaction related fees. With the completion of the transaction, Retalix became a wholly owned subsidiary of NCR, and its common stock ceased to trade on the NASDAQ Global Select Market and Tel Aviv Stock Exchange and will be delisted.
J.P. Morgan acted as exclusive financial advisor and Morrison & Foerster LLP and Amit, Pollak, Matalon & Co. provided legal advice to NCR. Jefferies & Co., Inc. acted as financial advisor and Meitar Liquornik Geva & Leshem Brandwein provided legal advice to Retalix Ltd.
NCR is a global technology company leading how the world connects, interacts and transacts with business. NCR's assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Duluth, Georgia.
Comments on this story may be sent to email@example.com
[ Back To TMCnet.com's Homepage ]