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Blackstone, Carlyle jointly bidding $10B for NCR, report says

The initial report from Reuters caused NCR stock to jump so dramatically that trading had to be halted temporarily.

June 16, 2015

In yet another buyout report, investors Blackstone Group LP and Carlyle Group LP are rumored to have entered a joint bid to acquire NCR Corp. for $10 billion.

Bloomberg attributed the news to "people familiar with the matter," and said that NCR stock had risen by up to 16 percent on the original report from Reuters, which has also said that Apollo Global Management LLC and Thoma Bravo LLC are also interested in buying NCR.

The Atlanta Business Chronicle reported that trading of NCR stock was temporarily halted on Tuesday afternoon due to its sudden volatility.

According to Bloomberg, NCR currently is one-third owned by hedge funds, with the largest share as of March 31 belonging to Jana Partners.

NCR declined to comment on the latest rumor, as it has since reports of a full or partial sale of the company began to circulate in April.