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Stock impact report

Cardlytics Completes Sale of Bridg Assets to PAR Technology [Yahoo! Finance]

PAR Technology Corporation (PAR) 
Last par technology corporation earnings: 3/12 04:05 pm Check Earnings Report
US:NYSE Investor Relations: partech.com/about-us/investors
Company Research Source: Yahoo! Finance
banks' digital channels, today announced the closing of the previously announced sale of the Bridg business to PAR Technology Corporation (NYSE: PAR). Cardlytics will receive 1,810,222 shares of PAR Technology common stock as consideration for the sale of the Bridg assets. "The completion of this transaction marks an important milestone for Cardlytics," said Amit Gupta, Chief Executive Officer of Cardlytics. "Over the past several quarters, we have taken deliberate steps to sharpen our strategic focus and align our resources around the highest-impact opportunities in our business. With the sale of the Bridg assets, we are further simplifying our operating model and concentrating more heavily on scaling our core Cardlytics platform – the area where we believe we have a distinct competitive advantage and a clear path to long-term value creation." "The PAR equity we are receiving in the transaction represents a meaningful financial asset for Cardlytics," added David Evans, Chief Fi Show less Read more
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