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What: Radiant Systems
So what: Both companies' boards have approved the deal at $28 per share, a total of $1.2 billion. Yesterday, Radiant stock closed at $21.45. The deal is expected to close during the third quarter.
Now what: It's an unusually large acquisition for NCR, which plans to issue $1.1 billion of new debt to finance the purchase. The two companies are in related businesses, which helps reduce deal risk. NCR's automated checkout products include ATMs and self-check-in airport kiosks and Radiant provides site management solutions for restaurants, retailers, and entertainment venues.
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.