NCR to Acquire Retalix for $650 Million in cash
29 November, 2012
NCR has entered into voting agreements with Alpha Group and Ronex, the two largest Retalix Ltd. shareholders who hold approximately 38% of Retalix’s outstanding shares
NCR Corporation (NYSE: NCR) announced a definitive agreement to acquire Retalix Ltd. (NASDAQ: RTLX), a global provider of retail software and services, for a cash purchase price of $30.00 per Retalix share, implying a transaction value of approximately $650 million.
Under the terms of the agreement, Retalix will merge with a subsidiary of NCR. The transaction is expected to be completed in the first quarter of 2013, and it is subject to approval by Retalix Ltd. shareholders. NCR has entered into voting agreements with Alpha Group and Ronex, the two largest Retalix Ltd. shareholders who hold approximately 38% of Retalix’s outstanding shares.
Retalix offers solutions for point-of-sale (POS), sales channels and in-store management (including mobile and e-commerce), customer management and marketing, merchandising, and logistics. Its software and services are deployed in over 70,000 retail locations with more than 400,000 customer touch points in over 50 countries.
“Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers,” said NCR Chairman and CEO, Bill Nuti. “Retalix’s market-leading software and services capabilities will enhance NCR’s retail solutions, creating a world-class portfolio of offerings. That innovation plus the addition of exceptional talent to our team positions NCR as the global leader in retail innovation.”
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