Cardtronics’ shareholders approve $2.5bn acquisition by NCR
Shareholders of non-bank ATM operator and service provider Cardtronics have approved the company’s previously announced $2.5 billion acquisition by US software company NCR Corporation.
The deal, which was announced in January 2021, saw the acceptance of more than 99% of Cardtronics’ shareholders, who are set to be offered $39 per share in cash by NCR. (Read more about NCR acquisition of Cardtronics here)
Ed West – CEO of Cardtronics said: “We believe by combining our capabilities, we are better positioned to offer our customers an even broader range of financial solutions, enhanced level of services, and greater overall value.”
Approved by the board of directors of both the firms, the deal remains subject to regulatory approvals and customary closing conditions, including, following which it is likely to close in mid-2021.