The Houden family which founded ASX minnow Task Group more than two decades ago stand to realise a $114 million pay day after a US rival offered to buy the company for $310 million.
Task, which makes software for quick service restaurants such as McDonald’s, revealed the takeover offer from New York-listed PAR Technology Corp at 81¢ a share on Monday, more than double the stock’s last closing price.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
