NCR confirmed Monday it offered to buy
Cardtronics for $39 a share, or about $1.7 billion without debt, setting off a potential bidding war for the ATM operator.
NCR’s (ticker: NCR) proposal beats an offer from
Apollo Global Management (APO) and activist hedge fund Hudson Executive Capital. The two, in December, agreed to buy Cardtronics (CATM) for $35 a share, or roughly $1.6 billion, without debt. Apollo-Hudson’s offer for Cardtronics jumps to about $2.3 billion after including roughly $700 million in debt.
“The acquisition of Cardtronics will accelerate and expand the NCR-as-a-service strategy that we outlined at our Investor Day last month. Cardtronics’ debit network is highly complementary to NCR’s payments platform and will enable the combined company to seamlessly connect retail and bank customers while capitalizing on the banking industry’s transition toward infrastructure outsourcing,” said Michael Hayford, NCR’s president and
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Both of these accessories are totally new to Samsung s lineup and are yet to be officially announced, however, rumours suggest that the Buds Pro will offer much-improved noise cancellation and a refreshed design. Samsung will probably announce these devices at its Unpacked event later in the week and, if Blass is correct, it will certainly be a nice incentive for those pre-ordering the Galaxy S21.
Ahead of the launch, South Korean firm has also teased an image of this upcoming device with the new rear camera system clearly visible in the photo. As some of the early leaks and rumours suggested, the S21 seems to be getting a camera bump which will curve around the sides of the device making it blend in a little better than previous models.
Jan. 11, 2021 9:31 am ET
A U.S.-born approach to defining how computer processors work presents a potential steppingstone to chip independence for Chinese tech companies that face growing limits from Washington on buying American semiconductors.
The so-called RISC-V technology offers an openly accessible approach to running the brains that power personal computers, smartphones and servers. It is an emerging rival to two, long-dominant proprietary models from Intel Corp. and Arm Holdings Ltd., a British company that U.S. graphics-chip maker Nvidia Inc. agreed in September to acquire for $40 billion.
The standard is winning global interest, and early users include Chinese online retail and tech giant Alibaba Group Holding Ltd. , which developed what some industry insiders consider the highest-performance RISC-V chip in production. Alibaba has said it is using that chip in its data centers to perform artificial intelligence calculations, and is selling versions of it.
CW Technology, a leading provider of enterprise-quality IT management services, announced today the acquisition of Computer Enterprises, a company specializing in management IT services based in Grand Rapids, Minnesota.