Private Equity
Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! The private-equity firm now plans to announce a deal as soon as Thursday to make the minority equity investment in NCR. NCR also plans to announce a $1 billion share buyback, the report said. Blackstone is expected to receive convertible preferred shares that pay a dividend and two board seats in exchange for the investment. According to report, the New York buyout firm will end up with an ownership stake in NCR exceeding 15%. The preferred shares are convertible to regular stock...