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CBIZ Confirms $5 Billion All-Cash Sale to Grant Thornton at $55 Per Share

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CBZ$54.84 0.11%

Professional services firm CBIZ, Inc. (CBZ) has confirmed its pending acquisition by Grant Thornton in an all-cash transaction valued at an enterprise value of $5.0 billion. Under the agreed terms, shareholders will receive $55.00 in cash for each share of CBIZ common stock. The stock recently traded at $54.78 per share.

The agreement establishes a defined buyout price of $55.00 per share, which sets a maximum value on the stock unless a higher bid is made. After the transaction closes, CBIZ stock will be delisted from public markets, concluding its run as a publicly traded company. Due to the pending merger, the company is omitting financial guidance for 2026 and will not conduct an earnings call.

The transaction is scheduled to complete in the fourth quarter of 2026, pending approval from shareholders and regulatory agencies. Market participants will be watching for key deal milestones, including shareholder voting results, regulatory clearance updates, and any potential modifications to the closing schedule.

Key points

  • CBIZ, Inc. confirmed its pending acquisition by Grant Thornton for $55.00 per share in cash.
  • The transaction values CBIZ at an enterprise value of $5.0 billion.
  • The buyout is expected to close in the fourth quarter of 2026, pending shareholder and regulatory approvals.
  • CBIZ stock will be delisted from public trading following the deal completion.
  • CBIZ will not provide 2026 financial guidance or hold an earnings call due to the pending sale.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What are the terms of the CBIZ acquisition by Grant Thornton?

Grant Thornton is acquiring CBIZ, Inc. in an all-cash deal for $55.00 per share, representing an enterprise value of $5.0 billion.

When is the CBIZ acquisition expected to close?

The deal is expected to close in the fourth quarter of 2026, subject to regulatory clearances and shareholder approval.

Will CBIZ stock continue trading after the merger?

No, CBIZ stock will be delisted from public exchanges once the acquisition is finalized.