AcquisitionThe announced acquisition by PAYX includes a 19% premium over Paycor's 30-day average share price, indicating a favorable purchase price for shareholders.
Financial PerformanceProfitability improved in FQ2, with adjusted EBIT margin and free cash flow margins showing significant year-over-year growth.
Operational EfficiencyPAYX expects significant cost synergies exceeding $80 million in the near term, which should enhance operational efficiencies post-acquisition.