AP News

Retalix shareholders approve acquisition by NCR

NEW YORK (AP) — Retalix shareholders approved its $660 million acquisition by NCR Corp.

NCR, which makes ATMs and self-service checkout machines, announced the transaction in November. Israel's Retalix makes software for retailers.

NCR agreed to buy Retalix Ltd. for $30 per share.

The acquisition still needs regulatory approval, and under Israeli law at least 30 days must pass after a buyout is approved by shareholders before it can become effective.

NCR Corp., based in Duluth, Ga., and Retalix anticipate the acquisition closing during fiscal 2013's first quarter.

Toyota's Hydrogen Man
blog comments powered by Disqus