NCR Atleos Sees Opportunity In Smaller Acquisitions -- Market Talk
Dow Jones
Oct 17, 2023
1554 ET - NCR's ATM business is likely to explore smaller "tuck-in, bolt-on acquisitions" with its available cash, says NCR Atleos CEO Tim Oliver. The soon-to-be-independent business, which will begin trading Tuesday, is targeting free cash flow of $500 million by 2027, most of which will go toward paying down debt and returning money to shareholders. Still, Oliver says that the company will look to make smaller investments that will give greater access to certain software that can enhance Atleos's ATM services. NCR shares rise 3.3% to $27.10. (ben.glickman@wsj.com; @benglickman)
(END) Dow Jones Newswires
October 16, 2023 15:54 ET (19:54 GMT)
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