PAR Technology concludes $206m acquisition of TASK Group [Yahoo! Finance]
PAR Technology Corporation (PAR)
Last par technology corporation earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
The deal, initially announced in March 2024, positions PAR Technology to offer a comprehensive suite of services to top-tier foodservice brands worldwide. The acquisition, valued at $206m, was contingent on approvals from TASK's shareholders, the Australian courts and regulatory bodies. At the time, PAR Technology CEO Savneet Singh said: “Our goal at PAR has been to be the largest food service technology company in the world. Adding TASK will provide us with a global platform to build upon this vision. “TASK not only broadens our reach beyond the United States and has a strong cash flow profile but also has the potential to bring premier global brands into the PAR fold and accelerate our future growth.” PAR Technology has paid $131.5m in cash and issued 2,163,393 shares of common stock at closing. TASK's platform offers interactive customer engagement and seamless integration capabilities, making it the choice of brands such as Starbucks and Guzman Y Gomez. McDonald's uti
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PAR
News
- PAR Technology Corporation to Participate at Goldman Sachs Communacopia + Technology ConferenceBusiness Wire
- What Makes PAR Technology (PAR) an Investment Choice? [Yahoo! Finance]Yahoo! Finance
- FranchiseSEE and Par Technology (NYSE: PAR) Announce Strategic PartnershipPR Newswire
- PAR Technology: EBITDA Profitability Is Coming Sooner [Seeking Alpha]Seeking Alpha
- PAR Technology Co. (NYSE: PAR) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
PAR
Earnings
- 8/8/24 - Beat
PAR
Sec Filings
- 9/4/24 - Form 4
- 8/30/24 - Form 4
- 8/28/24 - Form 144
- PAR's page on the SEC website