CBIZ shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, the company announced it entered into an agreement to acquire the Non-attest business of Marcum in a cash and stock transaction value at $2.3 billion.
Portfolio Pulse from Benzinga Newsdesk
CBIZ shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, CBIZ announced it entered into an agreement to acquire the Non-attest business of Marcum in a cash and stock transaction valued at $2.3 billion.
July 31, 2024 | 2:40 pm
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CBIZ shares are trading lower due to worse-than-expected Q2 financial results. The company also announced a $2.3 billion acquisition of Marcum's Non-attest business.
The disappointing Q2 financial results are likely to negatively impact CBIZ's stock price in the short term. The announcement of a significant acquisition may add to investor uncertainty, contributing to the downward pressure on the stock.
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