NCR Corp’s annual meeting was scheduled to open just before we closed at the end of last week, but ahead of the meeting, the company appeared to surrender to AT&T Co by reducing the price it was prepared to sell out for to $110 a share. Chairman Charles Exley could still have been gambling that $110 would still be well beyond what AT&T is prepared to pay, and to have made the move to win more wavering shareholders over to NCR’s side in the vote at the meeting. The result of the vote will come this week.AT&T declined to raise its bid to $110, but has said that it would go to $102, and to $107 if instead of cash, the deal could be done as a share-swap pooling of interests.
