Paychex acquires Cincinnati-based competitor Paycor in $4 billion deal

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Paychex is expanding with multi-billion dollar purchase

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ROCHESTER, N.Y. – Paychex announced a major acquisition on Monday, purchasing Cincinnati-based competitor Paycor for over $4 billion.

The deal values Paycor at more than $22 per share. Paycor provided services similar to Paychex, including HR advising, payroll, and hiring software.

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