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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
NCR Corporation Completes Secondary Offering of Convertible Preferred Stock and Concurrent Stock Repurchase
- Client News
- March 17, 2017
Paul, Weiss represented NCR Corporation in its secondary offering of 342,000 shares of its Series A Convertible Preferred Stock at a public offering price of $1,602.99 per share. The shares of Series A Convertible Preferred Stock were offered solely by stockholders of NCR affiliated with The Blackstone Group L.P. Concurrently with the closing of the offering, NCR closed a privately negotiated transaction in which the selling stockholders converted a portion of their remaining shares of Series A Convertible Preferred Stock into approximately 3,000,000 shares of NCR’s common stock, which were then repurchased by NCR for $48.47 per share of common stock.
The Paul, Weiss team included corporate partners Scott Barshay, John Kennedy, David Huntington and Steven Williams and counsel Patricia Vaz de Almeida; tax partner David Sicular; employee benefits partner Lawrence Witdorchic; and environmental counsel William O'Brien.