CBIZ

Grant Thornton buys US rival CBIZ for $5 billion in cash, becoming the largest audit and advisory firm in the US outside the Big Four. CBIZ brings more than 9,500 employees and was most recently eighth in the US market; the transaction moves it ahead of RSM in the rankings. Investor New Mountain plans to spin off CBIZ businesses such as retirement services and insurance after closing. Grant Thornton chief Jim Peko stresses the firm intends to continue serving the mid-market and does not aim to become one of the Big Four. » More on manager-magazin.de

Datavault AI has appointed CBIZ CPAs P.C. as its independent registered public accounting firm and disclosed the appointment in a Form 8-K filed with the SEC. The company says this underscores its commitment to reliable financial reporting, compliance and corporate governance. Background: the stock fell 49% last year to $0.35 (market capitalization $304.58 million); despite revenue growth of 1,274% over the past 12 months, no profitability is expected for the current year; the current ratio is 4.62, indicating strong liquidity. » More on de.investing.com

Premier Fund Managers sold all 614,524 CBIZ shares in Q1, an estimated $21.68 million transaction that contributed to a $31.52 million quarter‑end net position decrease. CBIZ shares are down about 60% over the past year despite Q1 results showing revenue up 1.3% to $848.6 million and net income rising 31.6% to $161.6 million. Management raised 2026 adjusted EPS guidance to $4.00–4.10, has repurchased roughly 2 million shares for about $63 million, and expects synergies from the Marcum integration plus AI-driven productivity gains. Investors should weigh the recent fund exit against the company’s improving operating metrics and capital returns. » More on finance.yahoo.com