Veritas Affiliate To Acquire NCR Voyix's Cloud-based Digital Banking Business For $2.45B In Cash Plus Future Additional Contingent Consideration Of Up To $100M
Portfolio Pulse from Benzinga Newsdesk
Veritas affiliate is set to acquire NCR Voyix's cloud-based digital banking business for $2.45 billion in cash, with an additional contingent consideration of up to $100 million. NCR Voyix plans to use the proceeds to de-lever its balance sheet and invest strategically in its core businesses.
August 06, 2024 | 9:51 am
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Veritas affiliate is acquiring NCR Voyix's cloud-based digital banking business for $2.45 billion in cash, with an additional contingent consideration of up to $100 million. NCR Voyix plans to use the proceeds to de-lever its balance sheet and invest in its core businesses.
The acquisition will provide NCR Voyix with significant cash inflow, allowing it to reduce debt and invest in its core businesses. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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