CBIZ to be acquired for $55.00 per share in cash; $5.2B financing committed

CBIZ, Inc.

Merger consideration of $55.00 per share in cash; Board unanimously approved and recommends adoption.
Go-shop period until Aug 27, 2026; termination fee $107.5M ($49.6M if go-shop/excluded party).
Parent termination fee $198.4M; financing commitments of $5.2B from New Mountain Partners and others.
Closing subject to stockholder vote, HSR clearance, no material adverse effect; expected by July 28, 2027.
CIC severance plan adopted; NEOs eligible for retention/transaction bonuses (e.g., CEO $1.3M).

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