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NCR releases final results of 'Dutch auction' tender offer

NCR accepted for purchase approximately 37.4 million of the 41.2 million shares of its common stock that were validly tendered by shareholders.

December 17, 2015

NCR Corp. has announced the final results of its modified "Dutch auction" tender offer, which closed at midnight EST, Dec. 11.

NCR shareholders were invited to tender shares of the company's common stock at prices "not less than $26.00 per share and not greater than $29.50 per share or purchase price tenders, which were deemed to have been tendered at the minimum price of $26.00 per share," the company said.

The tender offer was oversubscribed, with approximately 41.2 million shares of NCR common stock validly tendered. NCR accepted for purchase approximately 37.4 million shares at a purchase price of $26.75 per share for a total cost of approximately $1 billion excluding fees and expenses related to the tender offer. The repurchased shares represent approximately 22 percent of NCR common stock outstanding as of Nov. 9, 2015.