Retalix Surges on Report of Sale to NCR for $800 Million
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) 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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