Another day, another report of a possible buyout offer for NCR.
On Friday, Reuters reported that private equity group Thoma Bravo is leading an effort to collect investors for a $9 billion bid for the Duluth-based company best known for cash registers, ATMs and self-serve kiosks.
The bid follows NCR's announcement this week that it signed a deal with Atlanta-based Cousins Properties to develop its planned Midtown Atlanta headquarters. Under the terms of that deal, NCR would lease a tower Cousins would build and own. The lease is for 15 years with options to extend, and the site is configured for a possible second office building.
NCR Senior Vice President Andrea Ledford, Chief Financial Officer Bob Fishman and CEO Bill Nuti met with the editorial board of The Atlanta Journal-Constitution on Tuesday, June 9, 2015. J. Scott Trubey/Staff
strubey@ajc.com
The reported Thoma Bravo-led bid follows reports last month that private equity giants Blackstone Group and Carlyle Group were joining forces on a bid for NCR. Reuters reported Friday, again citing unnamed individuals, the two private equity firms were “skeptical” they could pull off an acceptable bid.
An NCR spokesman declined comment. The company not commented to recent reports about possible buyout offers or their analysis of potential moves to sell assets or otherwise improve the company’s balance sheet and stock price.
NCR has been under pressure to boost the price of shares amid the company’s continuing effort to transform from a company mostly known for hardware into one that makes software and offers services.
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