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Feb 26 (Reuters) – Brinks Co (BCO) on Thursday said it will acquire NCR Atleos (NATL) in \u200ca cash-and-stock deal valued at about $6.6 billion \u200cincluding debt, sending the cash management and logistics provider’s shares \u200bdown 6% in after-hours trading to $126.90.<\/p>\n
NCR Atleos provides operational efficiency solutions for financial institutions and retailers, alongside digital-first financial self-service experiences for consumers.<\/p>\n
Brinks will \u200cacquire each outstanding \u2060share of NCR Atleos for $30 in cash and 0.1574 shares of its \u2060common stock.<\/p>\n
NCR stock jumped 15% before the bell on Friday.<\/p>\n
The implied $50.40 value of the per-share merger consideration represents a premium of approximately 20.4% over \u200bNCR Atleos\u2019 \u200bclosing share price on \u200bFebruary 26, 2026.<\/p>\n
The \u200cdeal has been approved by the boards of directors of both companies and is expected to close in the first quarter of 2027.<\/p>\n\n
Brinks CEO Mark Eubanks and chief financial officer Kurt McMaken \u200cwill be appointed to the \u200bsame roles in the \u200bcombined company.<\/p>\n
Sidley Austin \u200bis serving as Brinks’ legal advisor \u200cfor the transaction.<\/p>\n
Meanwhile, Brinks also \u200bforecast first-quarter \u200badjusted profit per share of $1.50 to $1.90, the midpoint of which is in line with analysts’ \u200bestimates of $1.7, \u200caccording to data compiled by LSEG.<\/p>\n
(Reporting by \u200bSanskriti Shekhar and Parth Chandna in Bengaluru; \u200bEditing by Jonathan Ananda)<\/p>\n<\/p><\/div>\n