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ncr Technology company NCR Corp. said Monday that it has begun its tender offer to acquire Radiant Systems Inc. for $28 per share. The boards of both companies have agreed to the $1.2 billion cash merger, which was announced earlier this month. Unless it's extended, the offer will expire on Aug. 19. Under the terms of the deal, a majority of the outstanding shares of Radiant Systems common stock must be tendered and not withdrawn before the expiration of the offer, NCR said. The acquisition of Alpharetta-based Radiant Systems is part of NCR's strategy to broaden its mix of software and services. It's expected to give Duluth-based NCR a foothold into the $8 billion hospitality and specialty retail markets.


NCR makes Blockbuster Inc.'s self-service DVD kiosks, and self-service stations for the retail, financial services, travel, health care, hospitality, entertainment and gaming industries. It also sells technology that allows customers in retail locations to check out without the assistance of a cashier. NCR said in June that it plans to take advantage of Radiant Systems' established position in quick-service and table-service restaurants, specialty and convenience retailers and entertainment venues by combining Radiant's offerings with its own. The company said it expects the deal to accelerate its revenue growth and contribute to earnings next year. In morning trading, NCR shares fell 21 cents to $20.62, while Radiant shares fell 5 cents to $28.15.

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