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Paychex will pay $22.50 for each Paycor share, representing about a 21.4% premium to the stock's last close on Friday, before the news was reported. "The acquisition of Paycor is highly complementary.
In May 1990, at age 28, Coughlin founded Paycor, Inc. to provide payroll services to the Cincinnati market. [2] Upon Coughlin's retirement in 2019, Paycor served 30,000 clients and had 1,700 employees. [3] Coughlin remained as chairman until fully retiring in 2020. On January 7, 2025, Paychex, Inc. announced a deal to acquire Paycor for $4.1 ...
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Paycom was founded in 1998 by Chad Richison, who previously worked in the payroll processing industry. [13] It began as an online payroll service provider for businesses, and expanded to offer additional services including human resource management in 2001. [5]
Image source: The Motley Fool. Paycor HCM (NASDAQ: PYCR) Q1 2025 Earnings Call Nov 06, 2024, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
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On June 3, the Government of Nova Scotia estimated that as many as 100,000 present and past employees were impacted by the breach. [ 3 ] On June 5, various organizations in the United Kingdom, including the BBC , British Airways , Boots , Aer Lingus , and payroll service Zellis were breached.