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Paychex: Don't Tender Shares

Tuesday, 12 September 2017

News

Paychex has urged its shareholders not to tender their shares in response to a bid made by an investment group. In a filing with the SEC this week, the payroll services company said it has been notified that TRC Capital Corp. intends to purchase up to two million share of Paychex common stock at a price of $54.75 per share.

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