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The latest announcement is out from Par Technology (PAR).
PAR Technology Corporation has sold its wholly owned subsidiary, PAR Government Systems Corporation, to Booz Allen Hamilton Inc. for $95 million, with adjustments to be made for debt and other financial factors. Additionally, PAR has announced the impending sale of another subsidiary, Rome Research Corporation, to NexTech Solutions Holdings for $7 million, with closing anticipated in the second quarter of 2024. These strategic transactions are reshaping PAR’s portfolio and mark significant shifts in its business operations.
Learn more about PAR stock on TipRanks’ Stock Analysis page.