Paychex Acquires Paycor in an All-Cash Deal for $4.1 Billion

Paychex, Inc. (PAYX) entered a merger agreement on January 7, 2025, to acquire Paycor HCM, Inc. (PYCR) in an all-cash deal valued at $4.1 billion.

Mechanics of the Deal:

As per the terms of the agreement, Paychex will acquire all the outstanding shares of Paycor at $22.50 per share in cash, representing a 1.57% discount over the stock’s last close.

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