PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, May 21, 8:00 AM
| This Slide: #232 of 581 |
Slide #232. NCR Corporation — Preferred Stock Offering
Company:
NCR Corporation (NYSE:NCR)
Date announced:
3/13/2017
Shares Offered:
342,000
Date of Pricing:
3/13/2017
Price Per Share:
$1,602.99
Preferred Stock Offering Details:
NCR Corporation (NYSE:NCR) (the "Company") today announced the launch of a secondary offering of 342,000 shares of its Series A Convertible Preferred Stock ("Series A Convertible Preferred Stock"). The shares of Series A Convertible Preferred Stock are being offered solely by certain existing stockholders of the Company affiliated with The Blackstone Group L.P. (the "selling stockholders") and the Company will not receive any of the proceeds of the offering. The shares of Series A Convertible Preferred Stock are convertible into shares of common stock of the Company ("Common Stock"). -updated 3/13- NCR Corporation (NYSE:NCR) (the "Company") today announced the pricing of its secondary offering of 342,000 shares of its Series A Convertible Preferred Stock ("Series A Convertible Preferred Stock") at a public offering price of $1,602.99 per share. The shares of Series A Convertible Preferred Stock are being offered solely by certain existing stockholders of the Company affiliated with The Blackstone Group L.P. and the Company will not receive any proceeds from the offering. The closing of the offering is expected to occur on March 17, 2017, subject to customary closing conditions.
NCR is an enterprise provider selling a portfolio of digital first software, services, payments and hardware. Co.'s segments include: Banking, which provides solutions to customers in the financial services industry through software, services and hardware; Retail, which provides solutions to customers in the retail industry; Hospitality, which provides solutions to customers in the hospitality industry, including cloud-based software applications for point-of-sale, back office, payment processing, and kitchen production; and Telecommunications and Technology, which provides maintenance, managed and other services using solutions such as remote management and monitoring services.
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Avg. Broker Rec.
 
|
Strong Buy (3.83 out of 4) 68th percentile
(ranked higher than approx. 68% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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