Par Technology shares jump 23% on acquisition of Punchh for $500 million
Par Technology Corp. (PAR), a provider of restaurant software, on Thursday said (https://www.partech.com/par-acquires-punchh/)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.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 08, 2021 11:23 ET (15:23 GMT)
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