Sydney family behind McDonald’s app worth more than $100m

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.