Brief: Cbiz To Acquire Marcum in $2.3 Bln Deal

CBIZ

31/07/2024 12:55

July 31 (Reuters) - CBIZ Inc  CBZ.N :
    * CBIZ INC: CASH-AND-STOCK TRANSACTION IS VALUED AT
APPROXIMATELY
$2.3 BILLION 
    * CBIZ INC: EXPECT DEAL TO BE ACCRETIVE IN 2025 
    * CBIZ TO ACQUIRE MARCUM
    * CBIZ INC - COMBINED ANNUAL REVENUE WILL BE ~$2.8B
    * CBIZ INC: EXPECTED ABOUT HALF OF TRANSACTION CONSIDERATION
WILL
BE PAID IN CASH & REMAINDER SHARES OF CBIZ COMMON STOCK
    * CBIZ INC: CASH-AND-STOCK TRANSACTION IS VALUED AT
APPROXIMATELY
$2.3 BILLION
    * CBIZ INC - CASH-AND-STOCK TRANSACTION VALUED AT $2.3B

Source text for Eikon:  ID: 
Further company coverage:  CBZ.N 

 ((Reuters.Briefs@thomsonreuters.com;))