Byline: Associated Press
NCR Corp. says it will reduce the board of directors from 13 to 12 with the retirement of one member, eliminating the chance that AT&T could gain the seat as part of a takeover bid for the computer maker.
NCR disclosed in proxy material mailed to stockholders last week that it will eliminate the seat of retiring board member John Horan just before a crucial shareholders meeting later this month.
As part of its hostile $6.1 billion takeover bid, American Telephone & Telegraph Co. is seeking to gain control of the board at two shareholders meetings scheduled for March 28.
Four of NCR's directors are up for re-election …
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