NCR Corp. in talks to merge ATM business with Brink’s, Reuters reports

NCR Corp. (NCR) is in advanced talks to merge its automatic teller machine, or ATM, business with cash management firm Brink’s (BCO) to create a combined company worth close to $12B, including debt, people familiar with the matter told Reuters’ Svea Herbst-Bayliss. The deal would be structured as a Reverse Morris Trust and would allow NCR to merge the ATM business at a $5.5B valuation, the report said. NCR shares are up nearly 3% after the news.