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Cardtronics Shareholders Approve NCR Deal

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NCR Corporation (NYSE: NCR) announced that over 99% of Cardtronics shareholders voted in favor of its acquisition during meetings held on May 7. The deal is anticipated to finalize by mid-2021, pending regulatory approvals and customary closing conditions. This acquisition aligns with NCR's strategy to enhance its offerings in the financial, retail, and hospitality sectors, bolstering its market position.

Positive
  • Acquisition of Cardtronics expected to close mid-2021 enhances NCR's market position.
  • Over 99% shareholder approval indicates strong support for the transaction.
Negative
  • Regulatory approvals remain a condition for the successful completion of the acquisition.

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial, retail and hospitality industries, today acknowledged that Cardtronics shareholders held their meetings on May 7, and in excess of 99% of the shares voted at the meetings were voted in favor of the transaction with NCR. The transaction is expected to close in mid-year 2021, subject to receipt of regulatory approvals and satisfaction of customary closing conditions, one of which was approval by Cardtronics’ shareholders.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

Cautionary Statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “proposed,” “objective,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to NCR’s plans, goals, intentions, strategies, financial outlook, the Company’s expectations regarding the Cardtronics acquisition, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of NCR’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

FAQ

What was the outcome of the Cardtronics shareholder meeting for NCR Corporation?

Over 99% of Cardtronics shareholders voted in favor of the transaction with NCR Corporation.

When is NCR Corporation's acquisition of Cardtronics expected to close?

The acquisition is expected to close by mid-2021, subject to regulatory approvals.

What is the significance of the Cardtronics acquisition for NCR Corporation?

The acquisition is expected to enhance NCR's market position in the financial, retail, and hospitality sectors.

What are the conditions for the NCR Corporation and Cardtronics transaction?

The transaction is subject to regulatory approvals and satisfaction of customary closing conditions.

NCR CORPORATION

NYSE:NCR

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3.82B
123.90M
4.94%
88.73%
5.16%
Information Technology Services
Technology
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United States of America
Atlanta