RTTNews | Jan 24, 2021 10:36PM EST

22:36 Sunday, January 24, 2021 (RTTNews.com) - Cardtronics plc (CATM) is in talks to accept a $1.7 billion offer from NCR Corp. (NCR), after ATM operator outbid a pair of investment firms that had earlier agreed to buy Cardtronics, according to reports citing people familiar with the matter.

The companies could announce a deal as early as Monday, the reports said.

NCR earlier this month offered to buy Cardtronics for $39 per share.

Funds managed by affiliates of Apollo Global Management Inc. and Hudson Executive Capital LP declined to raise their prior offer of $35 per share, paving the way for the potential deal between Cardtronics- NCR.

On December 15, Cardtronics had reached an agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital LP to be acquired for $35.00 per share, cash.

On 9th December. Cardtronics said it had received a proposal from funds managed by affiliates of Apollo Global Management, Inc. and Hudson Executive Capital LP to acquire all of the outstanding shares of the company for $31.00 per share in cash.

Read the original article on RTTNews ( https://www.rttnews.com/3162717/cardtronics-in-talks-to-accept-1-7-bln-offer-from-ncr-reports.aspx)

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