🟢 CBIZ is trading 16% up today on $5B Grant Thornton acquisition and Q2 earnings beat

CBIZ is trading at $54.40 (16% up) after announcing a $5.0 billion all-cash acquisition by Grant Thornton and reporting a second-quarter adjusted EPS beat.

• Grant Thornton will acquire all outstanding shares of CBIZ for $55.00 per share, leading to a sharp repricing toward the agreed takeover value.
• The positive market reaction is further supported by Q2 adjusted earnings that exceeded expectations, offsetting a slight decline in revenue.
• The deal represents a significant premium for shareholders and reflects strong investor confidence in the company's underlying financial performance.