Shares of Paychex (PAYX) are down 5% to $132.92 in premarket trading after Bloomberg reported the company is in talks to acquire Paycor HCM (PYCR).
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Read More on PYCR:
- M&A News: Paychex (PAYX) Eyes Acquisition of its Rival Paycor HCM
- Paychex in advanced talks to acquire Paycor HCM, Bloomberg says
- Paycor HCM price target raised to $25 from $22 at Stifel
- Paycor HCM price target raised to $20 from $18 at Mizuho
- Paycor HCM upgraded to Outperform from Market Perform at BMO Capital