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New Mountain Capital

New Mountain Capital

Private equity firm

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Grant Thornton buys CBIZ in $5 billion cash deal

Money Moves

Deal backer and future owner of spun-off unit

CBIZ shareholders will get $55 in cash per share, about 54% more than the stock's recent average. That is the price Grant Thornton Advisors agreed to pay on July 29 to buy the rival professional-services firm in an all-cash deal worth $5 billion.

Updated 3 hours ago