The equity purchase price of USD 1.2 billion has been approved by the boards of directors of each company. NCR and Radiant Systems currently anticipate the transaction to close during Q3 2011, subject to regulatory approval. The transaction is expected to be accretive to NCR’s Non-GAAP earnings in 2012.
The acquisition is set to be financed through a combination of new debt and existing balance sheet cash. NCR is planning to raise approximately USD 1.1 billion of new funded debt to finance the transaction.
In June 2011, US payment processing company Electronic Payment Exchange (EPX) has been chosen by NCR Corporation as its preferred payment provider for NCR Healthcare.
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