PAR Technology Corporation Announces Strategic Acquisitions to Expand Global Vision, Extend Unified Commerce Offerings and Accelerate Drive Towards Profitability [Yahoo! Finance]
PAR Technology Corporation (PAR)
Last par technology corporation earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
NEW HARTFORD, N.Y., March 11, 2024 BUSINESS WIRE )--PAR Technology Corporation (NYSE: PAR) (the "Company" or "PAR"), a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, today announced two transactions that expand its cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets. PAR has entered into an agreement to acquire TASK Group for cash and PAR common stock at an implied value of approximately $206 million assuming an all-cash transaction, and has completed its acquisition of Stuzo Holdings, LLC for approximately $190 million paid in cash and stock. The closing of the TASK acquisition is expected to occur in the third quarter of 2024, subject to TASK shareholder approval, Australian court approval, certain regulatory approvals and other customary closing conditions. Both transactions adhere to PAR's disciplined M&A strategy of acquiring best-in-class products
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PAR
Earnings
- 2/27/24 - Beat
PAR
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- PAR's page on the SEC website