Retalix (RTLX) Sold to NCR (NCR) for $800M - Reports
Tweet Send to a FriendGet Alerts RTLX Hot Sheet
Up)
Trade RTLX Now!
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Sprint (S) to Raise Offer for Clearwire (CLWR) - DJ
- Saks (SKS) Won't Comment on Tonight's Takeover 'Rumor'
- Sears' (SHLD) Lampert: We'd Consider Other Asset Sales
Create E-mail Alert Related Categories
Mergers and Acquisitions, Rumors, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
