ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, March 26, 1991                   TAG: 9103260157
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

NCR, AT&T ANNOUNCE PLAN TO TALK BUYOUT

NCR Corp. on Sunday ended weeks of resistance and agreed for the first time to meet with AT&T, which has been seeking to acquire it since December. The announcement was seen as a strong sign that the takeover battle may be drawing to a close.

"Obviously, this is what AT&T wanted, which was to get NCR to the negotiating table," said Jack Grubman, a telephone industry analyst at Paine Webber Inc. "Now the chances of no deal happening are virtually nonexistent."

The move by NCR, the No. 5 American computer maker, came four days before a special shareholders meeting to consider the offer by AT&T.

American Telephone and Telegraph Co. said last week it would pay $100 a share for the company if the stockholders of NCR voted out the company's board. If the vote fell short of the 80 percent needed to oust the board, AT&T said it would continue with its $90-a-share offer. - The New York Times 


 by CNB