The $5 billion acquisition by Grant Thornton Advisors at a premium to market cap ($2.9B) represents a significant near-term catalyst. Traders should monitor the upcoming proxy statement for the per-share consideration and shareholder vote timeline. The CBIZ B&I separation with New Mountain Capital backing adds a structural value unlock component.
Price Chart
Executive Summary
CBIZ filed a DEFA14A on July 31, 2026, sending a client email confirming its definitive agreement to be acquired by Grant Thornton Advisors in a $5 billion transaction, with its CBIZ Benefits & Insurance Services subsidiary to be separated into a new stand-alone entity backed by New Mountain Capital. This filing follows the July 28, 2026 merger agreement (8-K) and serves as soliciting material under Rule 14a-12, advancing the deal process toward a shareholder vote.
Key Financial Metrics
Key Facts
- CBIZ entered into a definitive agreement to be acquired by Grant Thornton Advisors in a $5 billion transaction.
- CBIZ Benefits & Insurance Services will be separated into a new stand-alone entity backed by New Mountain Capital.
- The DEFA14A was filed on July 31, 2026, and includes a client email sent on July 30, 2026.
- The merger agreement was signed on July 28, 2026, as disclosed in a prior 8-K.
- The filing is soliciting material under Rule 14a-12, indicating active proxy solicitation for shareholder approval.
Financial Impact
Acquisition valued at $5 billion; CBIZ B&I separation with New Mountain Capital backing; no per-share price disclosed in this filing.
Risk Factors
- Shareholder approval may not be obtained.
- Regulatory approvals may not be satisfied or waived.
- The transaction may not close on the expected timeline or at all.
- Client and employee retention risks during the pendency of the deal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001193125-26-326675 |
| Document: 0001193125-26-326675-index-headers.html | 0001193125-26-326675 |
| Document: 0001193125-26-326675-index.html | 0001193125-26-326675 |
| Document: 0001193125-26-326675.txt | 0001193125-26-326675 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $54.89 $54.94 | ▲ +0.09% | ▲ +0.61% | $54.80 (−0.16%) |
Oct 19, 2026 8d ago | 8-K | $54.78 $54.89 | ▲ +0.20% | ▼ −0.13% | $54.80 (+0.04%) |
Oct 19, 2026 8d ago | Press Release | $54.78 $54.89 | ▲ +0.20% | ▼ −0.13% | $54.80 (+0.04%) |
Aug 6, 2026 11w ago | S-3ASR | $54.49 $54.50 | ▲ +0.02% | ▼ −0.59% | $54.80 (+0.57%) |
Jul 31, 2026 12w ago | DEFA14A | $55.08 $55.07 | ▼ −0.02% | ▼ −1.44% | $54.80 (−0.51%) |
Jul 29, 2026 12w ago | DEFA14A | $55.25 $55.08 | ▼ −0.31% | ▼ −1.01% | $54.80 (−0.81%) |
Jul 29, 2026 12w ago | DEFA14A / 8-K | $54.90 $55.25 | ▲ +0.64% | ▼ −1.04% | $54.80 (−0.18%) |
Jul 29, 2026 12w ago | 8-K | $54.90 $55.25 | ▲ +0.64% | ▼ −1.04% | $54.80 (−0.18%) |
Apr 15, 2026 27w ago | Press Release | $30.35 | awaiting T+1 | — | $54.80 (+80.56%) |
Apr 14, 2026 28w ago | Press Release | $29.09 $30.35 | ▲ +4.33% | ▲ +3.56% | $54.80 (+88.38%) |
US Market Status
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