Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Mar. 18, 10:45 PM
Slide #58. PAR Technology Corporation — TASK Group and Stuzo Holdings, LLC
Acquirer: |
PAR Technology Corporation (NYSE:PAR) |
Acquiree: |
TASK Group and Stuzo Holdings, LLC |
Details: |
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. |
PAR Technology, through its subsidiaries, operates in the following segments: Restaurant/Retail, which provides point-of-sale (POS) software, hardware, back-office software and integrated technical solutions to the restaurant and retail industries, including POS Software, Back-office software as a service Software, and POS Hardware; and Government, which provides intelligence, surveillance, and reconnaissance solutions and mission systems support to the U.S. Department of Defense and other Federal agencies, including systems engineering and evaluation, space and satellite support services, and information systems support.
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Company Name: |
Par Technology Corp. |
Website: |
www.partech.com |
Sector: |
Electronic Equipment & Products |
Number of ETFs Holding PAR: |
23 |
Total Market Value Held by ETFs: |
$136.62M |
Total Market Capitalization: |
$1.18B |
% of Market Cap. Held by ETFs: |
11.60% |
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March 18, 2024 10:45 PM Eastern
Buy (2.90 out of 4)
22nd percentile
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