Plagued by a sagging stock price and sudden executive resignations, NPC Inc., the nation's second-largest merchant processor, may now be a takeover target.

The Louisville, Ky.-based company, which was spun off from National City Corp., could be appetizing to the likes of First Data Corp., Citicorp, or Banc One Corp., according to industry sources. These firms could pay anywhere from $18 to $25 a share for NPC, sources said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.