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Gevity looking at 'strategic transactions'

July 31 2008

Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization, said Wednesday its board has authorized the company to evaluate "strategic transactions" with third parties. The company has also agreed to provide General Atlantic Service Company LLC with information to evaluate such a transaction.

General Atlantic, owner of the TriNet PEO, previously reported interest in some type of deal between TriNet and Gevity, according to filings with the U.S. Securities and Exchange Commission. General Atlantic also owns 9.5% of Gevity.

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