NCR Atleos (NATL) announced the completion of its separation from NCR Corporation (NCR) which is now known as NCR Voyix, and Atleos’ launch as an independent public company. The spin-off was effected through a pro rata distribution of all outstanding shares of Atleos common stock to holders of Voyix’s common stock and is intended to qualify as a tax-free distribution for federal income tax purposes. Atleos common stock will begin trading “regular way” on the New York Stock Exchange under the ticker symbol “NATL” at market open on October 17, 2023. As a result of the spin-off, Atleos’ focus will be on banking services and ATMs, including Self-Service Banking, Payments & Network and Telecommunications and Technology businesses.
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