“Little bit of attention from multi nationals” is the interesting part..
according to Hot Copper the deal falls through if PAR shares fall below $35 (and below 18% scrip uptake)- fingers crossed
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“Little bit of attention from multi nationals” is the interesting part..
according to Hot Copper the deal falls through if PAR shares fall below $35 (and below 18% scrip uptake)- fingers crossed
PAR might benefit, but let's face it, TSK are a rounding error on PAR's revenue. PAR are basically (imho) just trying to buy the McD's client base and get a few much smaller clients with it. They'll also get a new tech stack which they can pick and choose from, as to whether they incorporate it over time, or ditch some it if they have something better.
My hangup is that until yesterday, I had only known of PAR as a competitor to TSK/PLX, but I'd never considered investing in them. Now I'm offered up to 50% of my share holding in PAR script, or a payout of 100%. It'll take a while to get my head around whether PAR is a good investment or not, but either way I don't think adding TSK is much more than acquiring the lions share of McD's, which we already have!
Anyway, having read the fine print, this deal is like swiss cheese, there are a lot of little gotcha's that if not satisfied, the deal is off. I'd expect quite a few folks to sell out on market while the SP will hover around the buyout price.
And I don't think I'll get over that the TSK Board have endorsed an offer as cheap as $AU 0.81, less than half what PLX was a while ago. Just shows they're weak and beholden to the Houden elders.
https://www.investing.com/news/stock...s-93CH-3334576
I can definitely see this share getting over 0.81 AUD cents on market in the near future
PAR have been at it a long time to still be "aiming for profitability" ...
Both PAR and TSK not profitable.
PAR trading 3x revenue and paid 5x revenue for TSK.
Looks like they overpaid