The facts are sourced from an 8-K filing with the SEC via EDGAR, published April 14, 2025. The deal's status is pending regulatory, indicating it had not yet closed as of that filing.
Two financial advisors are disclosed, one per side, both designated lead. J.P. Morgan Securities LLC served as the exclusive financial advisor to Paychex (the acquirer), with the source sentence noting that Davis Polk & Wardwell LLP served as legal advisor to Paychex. On the target side, Goldman Sachs & Co. LLC served as the exclusive financial advisor to Paycor, with Kirkland & Ellis LLP serving as legal advisor to Paycor, per the corresponding source sentence.
Legal advisors are disclosed for both sides: Kirkland & Ellis LLP served as legal advisor to the target, Paycor, while Davis Polk & Wardwell LLP served as legal advisor to the acquirer, Paychex.
Beyond identifying the transaction as an all-cash acquisition valued at $4,100,000,000, the facts block does not specify the per-share purchase price or any financing arrangements supporting the cash consideration.
Several facts are not disclosed in this record. The per-share price is not stated. No expected closing date is given, and the facts block provides no further structural detail beyond the "all-cash acquisition" classification and the aggregate disclosed value.