Retalix (RTLX) Sold to NCR (NCR) for $800M - Reports

November 28, 2012 2:49 PM EST
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Retalix Ltd (NASDAQ: RTLX) is ripping following reports from Calcalist that the company sold to NCR (NYSE: NCR) for $800 million.

"Calcalist NCR has learned that the U.S. company, which is traded on the New York market cap of $ 3.8 billion, will acquire the Israeli software company Retalix For $ 800 million - 50% more than the value of the company at the opening of trading on Nasdaq yesterday. Negotiations are in the final stages and the deal be conducted in cash and at a price of 30-31 dollars Retalix's share is expected to be signed in the coming days."

Shares of Retalix Ltd (NASDAQ: RTLX) are up 31.3% to $28.76 following the report. NCR (NYSE: NCR) was flat.

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