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NCR stock plunges after company says it will break in two rather than sell itself

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Shares of NCR Corp. undefined were tumbling 17% in premarket trading Friday after the company said it plans to split into two publicly traded businesses,...

Shares of NCR Corp. were tumbling 17% in premarket trading Friday after the company said it plans to split into two publicly traded businesses, with one focusing on digital commerce and the other oriented around ATMs. The late Thursday announcement signaled that management wasn't able to proceed with a sale of the company.

The late Thursday announcement signaled that management wasn't able to proceed with a sale of the company."Throughout the strategic review process, we received material interest in a whole company sale of NCR, as well as interest in various individual segments of our business," Executive Chairman Frank Martire said in a release.

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