Marcato Capital capital owns 6.5% of NCR Corp. (NCR). And it wants its founder Mick McGuire nominated to serve as a director on the board. It got that a few days later when the company missed 3Q earnings and the company conceded.
Shares are down 20% year-to-date. Trading at $27 a share, NCR is trading below Marcato’s $28.41 cost basis.
What’s NCR do? “NCR Corporation (NCR) is a technology company, which provides products and services, which enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service.”