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Gevity shareholders to meet on TriNet deal

April 16, 2009

Gevity HR Inc. (NASD: GVHR), a Bradenton FL-based professional employer organization, scheduled a special meeting of shareholders on May 20 to vote on its proposed acquisition by TriNet Group Inc. The deal is expected to be completed in late May if approved.

TriNet, a San Leandro CA-based PEO, will pay $4 a share in cash for all outstanding Gevity shares, valuing the deal at $98 million.