Apax Funds to Sell Their Majority Stake in Paycor HCM, Inc. to Paychex, Inc.
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Apax Partners LLP announced that Paycor HCM, Inc. will be acquired by Paychex, Inc. in an all-cash transaction valued at $4.1 billion. Paycor shareholders will receive $22.50 per share.
January 07, 2025 | 3:00 pm
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NEUTRAL IMPACT
Paychex, Inc. is acquiring Paycor HCM, Inc. for $4.1 billion in an all-cash transaction.
While the acquisition is a strategic move for Paychex, the immediate impact on its stock price is uncertain as it involves a significant cash outlay.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paycor HCM, Inc. is set to be acquired by Paychex, Inc. for $22.50 per share, a deal valued at $4.1 billion.
The acquisition by Paychex at a premium price of $22.50 per share is likely to positively impact Paycor's stock price in the short term as it reflects a premium over current market prices.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100