NCR spins off Teradata following dividend distribution

By Lisa Kerner

Charlotte, N.C., Oct. 1 - NCR Corp. completed the spinoff of its Teradata Data Warehousing business through the distribution of a tax-free stock dividend to stockholders.

NCR shareholders of record as of Sept. 14 received one share of Teradata common stock for each share of NCR common stock.

Following the distribution, NCR ceased to own any shares of Teradata, a company news release stated.

As of Monday, Teradata common stock is listed on the New York Stock Exchange under the symbol "TDC."

"This is a very exciting time for NCR as we guide businesses through the evolving world of customer interactions - where point-of-service kiosks, internet and mobile devices are rapidly becoming channels of choice for consumers," NCR chairman, chief executive officer and president Bill Nuti said in the release.

"NCR will leverage our expertise in the emerging self-service market and our market-leading technologies, including automated teller machines, retail assisted point-of-sale and self-checkout systems, automated bill payment systems and airline, hotel and hospital self-check-in/out kiosks, to enable businesses to better serve their customers how, when and where they choose."

Teradata was the enterprise data warehousing division of NCR, a technology company based in Dayton, Ohio.

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