By Chris Wack
NCR Corp. shares were up 17% to $34 in premarket trading after The Wall Street Journal reported that the company is in exclusive talks to be sold to private-equity firm Veritas Capital, according to people familiar with the matter.
If a deal is made, it would be one of the biggest leveraged buyouts at a time when the environment for such deals has become more perilous.
WSJ reported that a deal could still be weeks away, the people said.
In April, NCR reported first-quarter revenue of $1.86 billion, an increase of 21% on year, but below its forecast of $1.9 billion to $1.95 billion.
The stock closed Monday’s session up 2%, at $29.10.
Write to Chris Wack at [email protected]
