Par Technology shares jump 23% on acquisition of Punchh for $500 million

Published Apr 08 2021 at 3:23 PM GMT
Key
Points
  • , a provider of restaurant software, on Thursday said it has acquired Punchh Inc., a leader in loyalty and guest engagement solutions, for about $500 million in cash and stock.
  • The news sent Par shares skyrocketing 23%.
  • The company's stock is up 22% this year.
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  • Published Apr 8, 2021 3:23 PM GMT