NCR Voyix Corporation Announces Completion of Spin-off of NCR Atleos Corporation
NCR Voyix Corporation (previously known as NCR Corporation) (NYSE: VYX) (“Voyix”) today announced that it has completed the separation of its ATM-focused business, including its self-service banking, payments & network, and telecommunications and technology businesses.
- NCR Voyix Corporation (previously known as NCR Corporation) (NYSE: VYX) (“Voyix”) today announced that it has completed the separation of its ATM-focused business, including its self-service banking, payments & network, and telecommunications and technology businesses.
- The spin-off was effected through a pro rata distribution of all outstanding shares of NCR Atleos Corporation (“Atleos”) common stock to holders of Voyix’s common stock and is intended to qualify as a tax-free distribution (except with respect to any cash received in lieu of fractional shares) for federal income tax purposes.
- As a result of the spin-off, Voyix’s focus will be on digital commerce, continuing to operate its retail, restaurant and digital banking businesses.
- “Today marks a milestone for Voyix as we begin operating as a stand-alone digital commerce business,” said David Wilkinson, Voyix CEO.