Another Ncr Hangup For At&T
Hard feelings intensified in the negotiations--or lack thereof--on AT&T's offer to buy computer maker NCR for $6.1 billion. A meeting between the chairmen on Mar. 25 never got down to haggling over price, as NCR's Charles Exley spent most of the five hours telling AT&T's Robert Allen how well NCR could do without AT&T.
NCR shareholders were scheduled to meet on Mar. 28 to give their own verdict on the takeover war, and AT&T said that negotiatiors returned to the bargaining table on the eve of that meeting. Meanwhile, arbitrageurs continue to bet that a negotiated deal will be done at a little more than $100 a share, or $6.8 billion.