TASK Group taps KWM on $310m sale

The deal reflects rising demand for M&A transactions in the software sector, firm says

TASK Group taps KWM on $310m sale

King & Wood Mallesons (KWM) has been tapped to advise ASX lister TASK Group Holdings Limited on its proposed $310m acquisition by NYSE-listed PAR Technology Corporation.

PAR is set to pick up TASK via scheme of arrangement. Under the deal, TASK’s shareholders will be given the option to either receive a full cash consideration or a combination of cash and PAR shares.

According to the firm, the deal signals rising demand in M&A transactions within the software sector. Additionally, it reflects a rising trend of ASX-listed technology companies being acquired.

Most Read

This transaction also calls for collaboration with the US and New Zealand. The KWM team handling this transaction is being headed by partner Anthony Boogert, working alongside solicitors Richard Karaba and Hae Soo Park.

 

Recent articles & video

Top young stars of Australia's legal profession for 2024 unveiled

Wave of law firm mergers sweeps across the UK despite declining firm numbers

US Justice Department flags Kirkland & Ellis' potential conflict of interest in a bankruptcy case

US Supreme Court permits Idaho to enforce gender-affirming care ban for minors

W+K debuts aviation practice with Clyde & Co lawyer

SA court upholds South Australia's claim on parliamentary privilege and public interest immunity

Most Read Articles

Top young stars of Australia's legal profession for 2024 unveiled

Promotions round beefs up Clyde & Co's Australia partnership

Allens welcomes five new partners

Tech and IP stars join up with Allen & Overy