Duluth, Ga. -- NCR Corp. will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28.00 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company.
It is expected the transaction will close during third quarter 2011, subject to regulatory approval.