McGuire Goes Activist On NCR; Seeks Board Seat

Richard McGuire’s Marcato Capital Management disclosed its ownership of 6.5% in the transaction technology company NCR Corporation (NYSE:NCR) in its latest 13D filing, and sought to immediately initiate steps to effectuate McGuire’s request of board representation.

Earlier this month the consumer transaction technology company reduced its outlook for the full year 2014. Of note, NCR’s shares have lost 40% of their value in the past year.

Richard McGuire’s 6.5% stake in NCR

In its 13D filing with the Securities and Exchange Commission on October 21, San Francisco-based Marcato Capital Management disclosed ownership of 10.85 million shares of NCR Corporation (NYSE:NCR),...