PAR Technology Corporation, commonly known as PAR, has recently made an announcement regarding its business operations. The company has finalized the sale of its wholly owned subsidiary, Rome Research Corporation, to NexTech Solutions Holdings for $7 million. This agreement includes adjustments for debt and other financial considerations. In addition to this, PAR has also disclosed plans to sell another subsidiary, PAR Government Systems Corporation, to Booz Allen Hamilton Inc. for $95 million. The anticipated closing of this transaction is set for the second quarter of 2024.
These strategic moves are part of PAR’s efforts to reshape its portfolio and make significant changes to its business operations. The company is focused on making informed decisions to ensure its long-term success and growth in the market. Investors can learn more about PAR stock by visiting TipRanks’ Stock Analysis page.
