By Denny Jacob
--Paychex is in advanced talks to acquire Paycor HCM, a smaller rival in payroll processing, says Bloomberg, citing people with knowledge of the matter.
--A deal may be announced as soon as this week, according to the report. Nothing has been finalized and talks could still fall through, it added.
--The potential acquisition would mark the largest deal to date from Paychex, which offers human resources, employee-benefits, insurance and payroll services to more than 745,000 customers in the U.S. and Europe, Bloomberg said.
--Representatives for Paychex and Paycor didn't respond to requests for comment on Sunday outside regular business hours, according to the report.
Full story at https://www.bloomberg.com/news/articles/2025-01-05/paychex-is-said-to-be-in-talks-to-buy-smaller-rival-paycor
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 06, 2025 07:51 ET (12:51 GMT)
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