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NCR offers to buy ATM operator Cardtronics for $1.7 billion

NCR Corp. offered to buy Cardtronics Plc for more than $1.7 billion, beating an earlier bid for the ATM operator from Apollo Global Management Inc. and a partner. ....

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Industrial, Warehousing Space Leasing Likely To Grow By 83% In 2021: Savills India

Manufacturing, 3PL, e-commerce and Tier-II cities drove growth in 2020, A 113% increase in supply to 47.9 million sq ft is expected in 2021 ....

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Sales of housing units decline by 47% in 2020: Report

While 58,914 units were sold during the three months, only 182,639 units were sold through all of 2020. Compared to the overall sales registered in 2019, the numbers achieved in 2020 show a 47% decline. ....

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NCR Offered to Buy Cardtronics for $1.7 Billion

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 ....

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9 out of 10 NCR residents wear face masks

A large majority or 93% of Metro Manila residents wear face masks to protect themselves from the coronavirus disease 2019 (COVID-19), the results of an OCTA Research poll showed on Wednesday. ....

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