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NCR announces details for completion of Teradata spin-off
August 27, 2007
DAYTON, Ohio — NCR Corp.'s board of directors has approved a record and distribution date for the spin-off of its Teradata data-warehousing business.
The distribution of Teradata stock is to begin Sunday, Sept. 30.
Teradata is expected to trade on the New York Stock Exchange under the trading symbol "TDC."
"We have been diligently preparing for the strategic separation over the past several months and are very pleased to have reached this important point in the process," said Bill Nuti, president and chief executive of NCR. He said NCR looks "forward to launching two new technology companies for the benefit of our customers, business partners, employees and shareholders."
"Regular-way" trading of Teradata stock is expected to begin on the first trading day following the Oct. 1 distribution date.
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