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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.