The company said it entered into an Agreement and Plan of Merger with Skyline Merger Sub, Inc. and Paycor HCM, Inc. on January 7, 2025. Under the deal, Merger Sub will merge into Paycor, which will survive as an indirect wholly owned subsidiary of Paychex.

1. 01

   The company said it entered into an Agreement and Plan of Merger with Skyline Merger Sub, Inc. and Paycor HCM, Inc. on January 7, 2025. Under the deal, Merger Sub will merge into Paycor, which will survive as an indirect wholly owned subsidiary of Paychex.

2. 02

   Paychex said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the merger expired at 11:59 p.m. Eastern Time on February 21, 2025. The company said the expiration satisfies one of the major conditions to closing of the merger.

3. 03

   The company said closing of the merger is also subject to other customary closing conditions beyond the expiration of the HSR Act waiting period. It said it expects the transaction to close within the first half of calendar 2025.

4. 04

   Paychex issued a press release on February 27, 2025 announcing the expiration of the HSR waiting period and attached it as Exhibit 99.1. The company also said Paycor has prepared and mailed a definitive information statement to its stockholders under Schedule 14C.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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