McGuire Goes Activist On NCR; Seeks Board SeatMani
Richard McGuire’s Marcato Capital Management disclosed its ownership of 6.5% in the transaction technology company NCR Corporation (NYSE:NCR) in its latest 13D filing, and sought to immediately initiate steps to effectuate McGuire’s request of board representation.
Earlier this month the consumer transaction technology company reduced its outlook for the full year 2014. Of note, NCR’s shares have lost 40% of their value in the past year.
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