Duluth, Georgia-based NCR Corporation [1] has completed its acquisition of Retalix Ltd. [2], a global provider of innovative retail software and services based in Ra’anana, Israel, with US headquarters in Plano, Texas.
[3]“This acquisition is another demonstration of NCR’s commitment to global innovation, leadership and delivering a world-class portfolio of solutions that create significant value for our shareholders and customers,” says Bill Nuti, NCR chairman and CEO. “Retalix’s market-leading software, services capabilities, and exceptional talent are a strategic fit for NCR, and support our continued focus on a future driven by software, wrapped elegantly in hardware and services.”
In the transaction, NCR is paying a cash purchase price of $30.00 per Retalix share, implying a transaction value of approximately $650 million, excluding transaction related fees. With the completion of the transaction, Retalix has now become a wholly owned subsidiary of NCR, and its common stock has ceased to trade on the NASDAQ Global Select Market and Tel Aviv Stock Exchange and will be delisted.
J.P. Morgan [4] acted as exclusive financial advisor and Morrison & Foerster LLP [5] and Amit, Pollak, Matalon & Co. [6] provided legal advice to NCR. Jefferies & Co. Inc. [7] acted as financial advisor and Meitar Liquornik Geva & Leshem Brandwein [8] provided legal advice to Retalix Ltd.
NCR is a global technology company dealing with how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries.