Brief: TASK Group Holdings Agrees To Scheme Agreement With PAR Technology

PAR Technology

10/03/2024 20:35

March 11 (Reuters) - TASK Group Holdings Limited
 TSK.AX :
    * TASK AGREES TO SCHEME AGREEMENT WITH PAR TECHNOLOGY
    * TASK'S BOARD UNANIMOUSLY RECOMMENDS THAT TASK SHAREHOLDERS
VOTE
IN FAVOUR OF SCHEME
    * CASH CONSIDERATION UNDER SCHEME AT A PRICE OF A$0.81 PER
TASK
SHARE
    * SCHEME VALUES TASK'S EQUITY AT A$310M
    * SCHEME IS EXPECTED TO BE IMPLEMENTED IN Q3 OF 2024
    * UNDER SIA, PROPOSED THAT PAR TO ACQUIRE 100% OF TASK'S
SHARES BY
WAY OF COURT-APPROVED SCHEME OF ARRANGEMENT

Further company coverage:  TSK.AX 

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