Hold these two spinoffs for now

Article Excerpt

On October 16, 2023, the old NCR Corp. (New York symbol NCR) completed its plan to split itself into two separate firms. One (called NCR Atleos) will focus on ATMs, and the other (called NCR Voyix) will focus on digital commerce businesses. Investors received one share of NCR Atleos for every two NCR shares they hold. Shareholders will not be liable for capital gains taxes until they sell their new shares. The remaining firm changed its name to NCR Voyix. The two new firms are leaders in their niche markets, and their smaller size could turn each into an attractive takeover target. However, both will probably trade in a narrow range until more information becomes available. NCR VOYIX CORP. $16 is a hold. The company (New York symbol VYX; Manufacturing sector; Shares outstanding: 140.9 million; Market cap: $2.3 billion; No dividend paid; Takeover Target Rating: Medium; www.ncr.com) now focuses on cash registers, self-serve checkouts and kiosks for theatres and arenas. It also makes software that helps community…