Blackstone closes NCR investment

Blackstone has closed its previously announced $820 million investment in NCR Corp. NCR plans to use the proceeds, along with cash on hand and borrowings, to repurchase up to $1 billion shares of NCR stock. J.P. Morgan, Atlas Strategic Advisors and BofA Merrill Lynch acted as placement agents to NCR. Citi, Goldman, Sachs & Co. and RBC Capital Markets acted as financial advisors to Blackstone.

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