PAR Technology Stock Is Trading Higher On Acquiring Punchh For $500M

Published Apr 08 2021 at 2:52 PM GMT
Key
Points
  • PAR Technology Corp (NYSE: PAR) has acquired loyalty and guest engagement solutions provider Punchh Inc for $500 million in cash and PAR stock.
  • This arrangement will catapult PAR into a unified commerce cloud platform for enterprise restaurants and position it to lead the industry with integrated point-of-sale, back office, payment, and guest engagement solutions.
  • PAR financed the cash.




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  • Published Apr 8, 2021 2:52 PM GMT