NCR stock cratered on Friday after the company announced it would split itself in two rather than sell itself, as had been expected by Wall Street.
NCR (ticker: NCR) is a leading provider of ATMs and point-of-sale systems. The company’s split will divide those businesses, with one company focusing on digital commerce, and the other on ATMs. The move will unlock value for shareholders by allowing each independent company to execute its own growth strategies, the company said.
Source: Barrons