- NCR Corp (NYSE:NCR) is amid exclusive talks for sale to private-equity firm Veritas Capital, the Wall Street Journal reports. NCR has a market value of $4 billion.
- Lately, Kohl’s Corp (NYSE:KSS) and Walgreens Boots Alliance, Inc (NASDAQ:WBA) ended strategic reviews without striking deals citing challenges in the financing market.
- Also Read: Here’s Why Zendesk Shares Are Trading Higher Today
- NCR clocked 21% revenue growth to $1.86 billion in Q1, missing its guidance of $1.9 billion – $1.95 billion. NCR downsized its full-year guidance to $8 billion in revenue, citing Q1 shortfall and expected net residual impact across the remainder of the year.
- In February, NCR, formerly known as the National Cash Register Co. and once part of AT&T Inc (NYSE:T), launched a strategic review process.
- Price Action: NCR shares traded higher by 9.45% at $31.85 in the premarket on the last check Tuesday.
A Bullish Sign Appears On Altria Group’s Chart
If history is any guide, there may be good fortune ahead for shares of Altria Group (NYSE:MO). A…
