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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

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.

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