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AI brief of an SEC Form 8-K · Paychex (PAYX)

Paychex completes $4.1 billion acquisition of Paycor at $22.50 per share in cash

Neutral Impact 4 of 5 m&a Written later

Paychex completed its acquisition of Paycor HCM on April 14, 2025, under a merger agreement signed January 7, 2025. Paycor shareholders received $22.50 in cash per share, and Paychex described the deal as about $4.1 billion in enterprise value, with Paychex saying it expects the deal to be accretive to adjusted diluted EPS in fiscal 2026.

Key points

  • Merger completed April 14, 2025; Paycor became an indirect wholly owned subsidiary of Paychex
  • Paycor shares converted into the right to receive $22.50 in cash per share
  • Paychex expects more than $80 million in annual cost synergies in fiscal 2026 and expects the deal to be accretive to adjusted diluted EPS in fiscal 2026
  • Paychex will file required financial statements and pro forma information by amendment within 71 days

The filing

CompanyPaychex (PAYX)
Form8-K, current report
Filed with the SECApr 14, 2025, 10:58 AM ET
Accession number0000950103-25-004790

Items reported: 2.01 Acquisition or Disposition Completed8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 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 April 14, 2025.

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.