Retalix Ltd. (RTLX), the Israeli maker of supermarket software, soared the most since its initial public offering in 1998 after daily Calcalist reported that NCR Corp. (NCR:US) is in talks to buy the company for $800 million in cash.
Ra’Anana, Israel-based Retalix surged 35 percent to $29.50 by 3:20 p.m. in New York before trading in the shares was halted, pending news. Retalix shares traded in Tel Aviv added 0.4 percent to close at 84.84 shekels, or $22.05.
NCR, the Duluth, Georgia-based maker of automated teller machines and payment systems, will pay $30 to $31 per share for Retalix in a transaction that is expected to be signed in the next couple of days, Calcalist reported on its website, without saying where it got the information. The offering price presents a 37 percent premium to yesterday’s close.
Calls and e-mails made after hours to Retalix’s offices in Israel weren’t returned. Mark Scott, an NCR spokesman, didn’t immediately return a phone call and e-mails.
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