06:17 AM EDT, 09/26/2024 (MT Newswires) -- Automatic Data Processing ( ADP ) is in advanced talks to acquire WorkForce Software for $1.2 billion from its backers including Elliott Investment Management and Insight Partners, Bloomberg reported Thursday, citing people familiar with the matter.

Automatic Data Processing ( ADP ) could announce a deal in the coming weeks, the report said.

The negotiations are advanced, but they could still be delayed or stalled, the report added.

Automatic Data Processing ( ADP ) and WorkForce Software did not immediately respond to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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