ATM maker NCR may soon need to remove the “for sale” sign from its lawn, two sources close to the situation said.
The $3.8 billion Atlanta company, which also makes barcode scanners and self-checkout kiosks, put itself up for sale in early May, attracting two bidders who have walked away in recent weeks without striking a deal, the sources said.
No new bidders have since stepped up to the plate, the sources added.
The two private equity firms who expressed interest in making an offer are Warburg Pincus and Apollo Global Management, the sources confirmed. Media reports about Warburg Pincus’ and Apollo’s interest in NCR in late May sent the company’s stock over $30 a share.
NCR closed up 0.8% Tuesday to $31.33 a share, but fell in late trading as much as 7% after The Post posted this story online.
ATMs worldwide fell 1% in 2018 to 3.24 million due to branch closures and the rising popularity of mobile payments — the first-ever recorded decline in global ATMs, according to consulting firm RBR.