Grant Thornton to Buy CBIZ for $5 Billion in Cash

Grant Thornton Advisors LLC will acquire CBIZ, Inc. for $5 billion in cash, announced July 29 from Chicago, Cleveland, and New York. The deal combines Grant Thornton's audit and advisory practice with CBIZ's tax, benefits, and insurance brokerage business. No per-share price, financing structure, or closing timeline has been disclosed.