Daily NewsView All News
The boards of ADP Network Services Limited, an indirect wholly-owned subsidiary of Automatic Data Processing Inc. (ADP:NSQ) and OneClickHR Plc., have reached agreement on the terms of a recommended cash offer by ADP network for the entire issued and to be issued share capital of OneClickHR.
Automatic Data Processing, the US payroll processing company will pay 10.5 Pence for each share of OneClickHR, the British provider of software to the Human Resources sector. This represents a 9% premium to the closing price on Monday and values OneClickHR at 15.6 million Pounds.
ADP Network Services MD, Don McGuire, said "I am truly very excited about this transaction and look forward to welcoming OneClickHR to the ADP family and growing the combined business in the years to come."