Based on todays ASX its a done deal !
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Based on todays ASX its a done deal !
Considering the heavily weighted shareholdings and their support, there was little doubt ever that the buyout would happen. Albeit now delayed a few weeks.
The conundrum for shareholders is whether to sell out at market (today $0.885) or take a 100% compulsory buyout at $0.82 a loss to market, or the 50% PAR/TSK at inferred $0.92 if you can believe it. A few larger shareholders and directors have voted with their feet and taken the market exit-now route.
Note the drop in PAR shares over night in the U S from $47 down to $44, is this because the agreement is certain to go through ?
Goneburger! Looks like TSK was delisted at the end of trading yesterday. I sold out about a week ago as I didn't want to deal with PAR shares. Has been the end of a long and mildly frustrating ride over the past 10 years or so.
TASK Group Holdings Limited (ASX: TSK) – Removal from Official List Description TASK Group Holdings Limited (‘TSK’) will be removed from the Official List of ASX Limited at the close of trading today, Monday, 22 July 2024, in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between TSK and its shareholders in connection with the acquisition of all the issued capital in TSK by PAR Technology Corporation through its wholly owned subsidiary PAR Global Australia Pty Ltd.
Sold out all last month. Good luck to all the converted PAR holders. An interesting ride from Plexure to TASK.
Tsk rip !