Paychex said Merger Sub merged into Paycor on April 14, 2025, with Paycor continuing as the surviving corporation and an indirect wholly owned subsidiary. The company said each share of Paycor common stock outstanding was converted into the right to receive $22.50 in cash per share, without interest and less applicable withholding taxes.

1. 01

   Paychex said Merger Sub merged into Paycor on April 14, 2025, with Paycor continuing as the surviving corporation and an indirect wholly owned subsidiary. The company said each share of Paycor common stock outstanding was converted into the right to receive $22.50 in cash per share, without interest and less applicable withholding taxes.

2. 02

   Paychex said it acquired all of Paycor's equity in an all-cash deal, which it said implies an enterprise value of about $4.1 billion. The company said the acquisition was for 100% of Paycor.

3. 03

   Paychex said it expects annual cost synergies of more than $80 million in fiscal 2026. The company also said it expects the deal to be accretive to adjusted diluted EPS in fiscal 2026.

4. 04

   Paychex said the financial statements and pro forma financial information for the acquired business are not included with this 8-K and will be filed by amendment. The company said the filing will be made within 71 days after the due date of this report.

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Original filing

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