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Stock Market & Financial Investment News

News Breaks
June 20, 2014
04:55 EDTCATM, CATMCardtronics management to meet with Jefferies
Meeting to be held in Houston on June 26 hosted by Jefferies.
News For CATM From The Last 14 Days
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May 26, 2015
09:30 EDTCATMCardtronics signs agreement to sell the retail portion of U.K. operation
Cardtronics announced that it has signed an agreement to sell the retail portion of its U.K. cash-in-transit operation. The retail arm of Cardtronics U.K.'s cash-in-transit business, which provides cash pickup and delivery services for retail stores, will be divested to Loomis, an international leader in the cash handling services industry. Cardtronics U.K. will continue to provide cash replenishment and maintenance services for both its owned and third-party ATM estates. The deal to divest the retail cash-in-transit business is expected to close on July 1. Purchase consideration is approximately GBP18M. Cardtronics expects its revenues in the second half to be reduced by approximately $13M due to this divestiture. Impact on profits is expected to be immaterial to 2015 results. Cardtronics plans to update FY15 financial guidance in connection with its Q2 earnings release, anticipated to occur in late July or early August.

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