CBIZ falls on plans to buy accounting firm Marcum in $2.3 bln deal

CBIZ

31/07/2024 14:07

** Financial services and insurance provider CBIZ's  CBZ.N 
shares down 9.1% at $80.33 premarket
    ** Company says it will buy Marcum, one of the biggest
accounting services providers in the United States, in a $2.3
billion cash-and-stock deal
    ** CBIZ expects to pay for roughly half of the deal,
expected to close in Q4 this year, through cash
    ** As of last close, CBZ up ~37% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))