PAYCHEX INC (PAYX): M&A transaction — Paychex completes $4.1B all-cash acquisition of Paycor

PAYCHEX INC

All-cash deal at $22.50 per Paycor share, ~$4.1B enterprise value.
Expected annual cost synergies >$80M in fiscal 2026.
Deal expected to be accretive to adjusted diluted EPS in fiscal 2026.
Combined HCM portfolio targets upmarket expansion and revenue synergies.
Dividend policy and strong balance sheet commitments reaffirmed.

item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

PAYCHEX INC completed an acquisition involving Paycor HCM, Inc. for $22.50 in cash per share (closed 2025-04-14).

Action: acquisition
Counterparty: Paycor HCM, Inc.
Consideration: $22.50 in cash per share
Closing: 2025-04-14

Exact text from the filing

Time (other than shares held by any holder who is entitled to appraisal rights and has properly exercised such rights under Delaware law) was converted into the right to receive $22.50 in cash per share, without interest thereon and less applicable withholding taxes. The foregoing description of the Merger Agreement does not purport to be complete and is

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Source: SEC EDGAR

accession 0000950103-25-004790

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