other material
confidence high
sentiment neutral
materiality 0.75
NCR Atleos spin-off: record date Oct 2, distribution Oct 16, 1:2 ratio; ticker NATL
NCR Atleos Corp
- Record date Oct 2, 2023; distribution Oct 16, 2023; NCR holders get 1 Atleos share per 2 NCR shares.
- Atleos (NATL) to begin when-issued trading Oct 11; regular-way Oct 17. NCR to rename to NCR Voyix (VYX).
- Distribution intended tax-free for US federal income tax; subject to debt financing conditions.
- Fractional shares will be aggregated, sold, and cash distributed pro rata.
- NCR stock trades NCR through record date; ex-distribution market (VYX WI) starts Oct 11.