Stock Track | Paycor HCM Stock Plunges 5% Pre-Market on Acquisition by Paychex

Stock Track

Jan 07, 2025

Shares of Paycor HCM, Inc. (PYCR) plunged 5.07% in the pre-market session on Tuesday, following the announcement of an agreement for the company to be acquired by Paychex, Inc. (PAYX) in an all-cash transaction valued at approximately $4.1 billion.

Under the terms of the deal, Paychex will acquire all outstanding shares of Paycor for $22.50 per share in cash, representing a premium of around 19% over Paycor's 30-day volume-weighted average trading price prior to the announcement.

The acquisition aims to create one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes. It will extend Paychex's upmarket position and expand its suite of AI-driven HR technology and advisory solutions.

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(PYCR) plunged 5.07% in the pre-market session on Tuesday, following the announcement of an agreement for the company to be acquired by Paychex, Inc. (PAYX) in an all-cash transaction valued at approximately $4.1 billion.</p>\n\n<p>Under the terms of the deal, Paychex will acquire all outstanding shares of Paycor for $22.50 per share in cash, representing a premium of around 19% over Paycor's 30-day volume-weighted average trading price prior to the announcement.</p>\n\n<p>The acquisition aims to create one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes. It will extend Paychex's upmarket position and expand its suite of AI-driven HR technology and advisory solutions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PYCR","symbol_name":"Paycor HCM, Inc.","start_time":0,"source_url":"","article_id":"1115897237","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115897237","pubTimestamp":1736257944,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Paycor HCM, Inc.  plunged 5.07% in the pre-market session on Tuesday, following the announcement of an agreement for the company to be acquired by Paychex, Inc.  in an all-cash transaction valued at approximately $4.1 billion.Under the terms of the deal, Paychex will acquire all outstanding shares of Paycor for $22.50 per share in cash, representing a premium of around 19% over Paycor's 30-day volume-weighted average trading price prior to the announcement.The acquisition aims to creat","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PYCR":"Paycor HCM, Inc."},"translate_title":"股票追踪Paycor HCM股价因被Paychex收购而盘前暴跌5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PYCR":1},"content_text":"Shares of Paycor HCM, Inc. (PYCR) plunged 5.07% in the pre-market session on Tuesday, following the announcement of an agreement for the company to be acquired by Paychex, Inc. (PAYX) in an all-cash transaction valued at approximately $4.1 billion.\nUnder the terms of the deal, Paychex will acquire all outstanding shares of Paycor for $22.50 per share in cash, representing a premium of around 19% over Paycor's 30-day volume-weighted average trading price prior to the announcement.\nThe acquisition aims to create one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes. 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