Brink's Denies Merger Talks With NCR ATM Business

Dow Jones

Oct 12, 2023

By Ben Glickman

Brink's denied that it was in discussions with NCR about a strategic transaction.

Reuters reported Wednesday that the two companies were in advanced talks to merge NCR's ATM business with Brink's, citing people familiar with the matter. The sources said the deal could be wrapped up as soon as next week.

Brink's released a short statement hours after the initial report denying any discussions about a transaction.

The initial report sent NCR shares higher as Brink's shares fell. Brink's shares have retraced some of those losses and were recently down 5% at $69.84, while NCR shares were up 2% at $27.49.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

October 11, 2023 13:41 ET (17:41 GMT)

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The sources said the deal could be wrapped up as soon as next week. \n</p>\n<p>\n  Brink's released a short statement hours after the initial report denying any discussions about a transaction. \n</p>\n<p>\n  The initial report sent NCR shares higher as Brink's shares fell. 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The sources said the deal could be wrapped up as soon as next week. \n\n\n  Brink's released a short statement hours after the initial report denying any discussions about a transaction. \n\n\n  The initial report sent NCR shares higher as Brink's shares fell. Brink's shares have retraced some of those losses and were recently down 5% at $69.84, while NCR shares were up 2% at $27.49. \n\n\n  Write to Ben Glickman at ben.glickman@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  October 11, 2023 13:41 ET (17:41 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}