{"id":819517,"date":"2025-02-27T16:24:07","date_gmt":"2025-02-27T21:24:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-announces-expiration-of-hsr-waiting-period-for-paychexs-acquisition-of-paycor\/"},"modified":"2025-02-27T16:24:07","modified_gmt":"2025-02-27T21:24:07","slug":"paychex-announces-expiration-of-hsr-waiting-period-for-paychexs-acquisition-of-paycor","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-announces-expiration-of-hsr-waiting-period-for-paychexs-acquisition-of-paycor\/","title":{"rendered":"Paychex Announces Expiration of HSR Waiting Period for Paychex\u2019s Acquisition of Paycor"},"content":{"rendered":"

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Paychex Announces Expiration of HSR Waiting Period for Paychex\u2019s Acquisition of Paycor<\/b><\/p>\n

ROCHESTER, N.Y.–(BUSINESS WIRE<\/a>)–
\nPaychex, Inc. (Nasdaq: PAYX) (\u201cPaychex\u201d), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll, announced that the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), has expired with respect to Paychex\u2019s previously announced acquisition of Paycor HCM, Inc. (Nasdaq: PYCR) (\u201cPaycor\u201d), a leading provider of HCM, payroll and talent software.<\/p>\n

\nThe expiration of the HSR waiting period satisfies one of the major conditions to the closing of the acquisition, which remains subject to other customary closing conditions. The transaction is expected to close within the first half of calendar year 2025.<\/p>\n

About Paychex<\/b><\/p>\n

\nPaychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit www.paychex.com<\/a>.<\/p>\n

About Paycor<\/b><\/p>\n

\nPaycor\u2019s HR, payroll, and talent platform connects leaders to people, data, and expertise. We help leaders drive engagement and retention by giving them tools to coach, develop, and grow employees. We give them unprecedented insights into their operational data with a unified HCM experience that can seamlessly connect to other mission-critical technology. By providing expert guidance and consultation, we help them achieve business results and become an extension of their teams. Learn more at paycor.com<\/a>.<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

\nCertain written statements in this press release may contain, and members of management may from time to time make or discuss statements which constitute, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words and phrases as “expect,” “outlook,” “will,” guidance,” “projections,” “anticipate,” “believe,” “can,” “could,” “design,” “may,” “possible,” “potential,” “should” and other similar words or phrases. Forward-looking statements include, without limitation, all matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, and similar projections.<\/p>\n

\nForward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control. Our actual performance and outcomes, including without limitation, our actual results and financial condition, may differ materially from those indicated in or suggested by the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:<\/p>\n