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PSAM Sends Letter to NCR Corp. (NCR) Asking for Progress Report

October 29, 2015 3:47 PM EDT

P. Schoenfeld Asset Management LP ("PSAM") today sent the following letter to NCR Corporation's (NYSE: NCR) (the "Company") Board of Directors, which urges the Company to provide NCR stockholders a progress report, without further delay, on its strategic review and its plans to fully maximize stockholder value. PSAM also supports the de-staggering of the Board of Directors and believes there are many potential paths to additional value creation for the Company to pursue.

The full text of the letter follows:

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October 29, 2015

NCR Corporation3097 Satellite BoulevardDuluth, GA... More