BUZZ-NCR Atleos jumps on $6.6 billion buyout deal with Brink’s
NCR Atleos Corporation
Brink's Company
NCR Atleos Corporation NATL | 0.00 | |
Brink's Company BCO | 0.00 |
** ATM provider NCR Atleos' NATL.N shares jump 8.6% to $45.46
** Cash management firm Brink's Co BCO.N will buy NATL in a $6.6 billion cash-and-stock deal, creating a scaled financial technology infrastructure provider
** BCO will pay $30 in cash and 0.1574 of its shares for each NATL share, valuing the firm at $50.40 apiece
** NCR Atleos' network consists of roughly 78,000 owned and operated ATMs, while Brink's is a heavyweight in armored transportation of cash
** Deal expected to boost BCO earnings by at least 35% and targeted to close in Q1 2027
** As of last close, NATL stock up 9.9% YTD
