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Paychex (PAYX) Sells Stromberg To Kronos Incorporated

October 14, 2009 9:44 AM EDT
PAYX Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Dividend Yield: 4.3%
Paychex, Inc. (NASDAQ: PAYX) announced the sale of Stromberg, a time and attendance company serving mid- to large-sized businesses, to Kronos Incorporated, a global leader in workforce management solutions. Terms of the transaction were not disclosed.

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