PAR Technology’s Strategic Acquisitions and Capital Expansion
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PAR Technology’s Strategic Acquisitions and Capital Expansion

Par Technology Corp (PAR) has shared an announcement.

PAR Technology Corporation has made significant strides in expanding its portfolio with the strategic acquisition of Stuzo and its subsidiaries for approximately $170 million in cash and over 441,000 common shares. On the back of this acquisition, PAR raised $200 million through a private placement of common stock. Additionally, they’ve entered into a Scheme Implementation Agreement with TASK Group Holdings, offering TASK shareholders a choice between cash or stock in a court-approved scheme, expected to complete in the third quarter of 2024. This multi-faceted growth strategy is set to position PAR as a more formidable player in the technology sector.

See more data about PAR stock on TipRanks’ Stock Analysis page.


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