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AI brief of an SEC Form 8-K · CBIZ, Inc. (CBZ)

CBIZ completes $5 billion sale to Grant Thornton Advisors at $55.00 per share cash

Neutral Impact 5 of 5 m&a Written later

On November 2, 2026, CBIZ completed its merger with a unit of Grant Thornton Advisors, and CBIZ is now a wholly owned subsidiary. Each outstanding share was cancelled and converted into the right to receive $55.00 in cash, and the company's common stock stopped trading on the NYSE. Shareholders no longer hold stock in the company, and the filing says the company intends to deregister its shares and suspend its reporting obligations.

Key points

  • Each share of common stock converted into the right to receive $55.00 in cash, without interest.
  • The transaction carried an enterprise value of $5 billion; approximately $5,235,000,000 was used to fund the merger, through equity and debt financing.
  • The company asked the NYSE to suspend trading before the open on November 2, 2026, and to file a Form 25 for delisting.
  • All directors resigned at the Effective Time, and Jim Peko was appointed chief executive officer of the Surviving Corporation.

The filing

CompanyCBIZ, Inc. (CBZ)
Form8-K, current report
Filed with the SECNov 2, 2026, 9:21 AM ET
Accession number0001193125-26-442819

Items reported: 1.02 Termination of Material Agreement2.01 Acquisition or Disposition Completed3.01 Delisting / Listing Rule Notice3.03 Change to Shareholder Rights5.01 Change in Control5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.