NCR stock moves up as Warburg Pincus stepping up
Share of NCR shoots-up as they are getting Warburg Pincus planned to invest,recently announced in New York following reports that the ATM manufacturer is working with Bank of America Equities on a potential sale.
Sources told Deal Reporter that the company has been talking with Warburg Pincus over the past few weeks while Apollo Global Management and other private equity firms are also said to be looking at joining the process. As per the report adds more flesh to market rumours that surfaced in early May that NCR had received interest from potential suitors. Shares in the company ticked up to 30.76 on the new report, giving the company a market cap of $3.69 billion and an estimated valuation of close to $7 billion including debt.
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