Retalix shareholders approve acquisition by NCR

Retalix shareholders approve approximately $660M acquisition by NCR

Associated Press

NEW YORK (AP) -- Retalix shareholders approved its $660 million acquisition by NCR Corp.

NCR, which makes ATMs and self-service checkout machines, announced the transaction in November. Israel's Retalix makes software for retailers.

NCR agreed to buy Retalix Ltd. for $30 per share.

The acquisition still needs regulatory approval, and under Israeli law at least 30 days must pass after a buyout is approved by shareholders before it can become effective.

NCR Corp., based in Duluth, Ga., and Retalix anticipate the acquisition closing during fiscal 2013's first quarter.