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Sources: NCR sale looking less certain

The company has reportedly extended its deadline for binding bids from July 8 to July 26, but interest among potential buyers seems to be waning.

July 1, 2015

NCR Corp. reportedly has extended its deadline to receive binding bids for company. According to a new report by the New York Post, bidders now have until July 26 to make a play for the ATM manufacturing and technology company — an extension of two weeks.

However, it's beginning to seem less certain that a sale will take place after all, insiders told the Post. NCR has reportedly set a sale price of $10 billion and investment firms, the only rumored bidders, are said to be losing interest in ownership at that price.

Meanwhile, NCR shares, which shot up 15 percent (to $34.73) two weeks ago on rumors of buyout, have now dropped by nearly 10 percent (to $30.30 as of midday today).

NCR is said to be seeking $36 per share in a sale. The company's stock has not seen that benchmark since April of last year.