NEBS Buys an Interest in Payroll Firm
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NEBS has purchased 10 percent of the common stock of Advantage for approximately $13 million in cash, and has also obtained incentive-based warrants, potentially to double that position over the next five years. NEBS will market payroll services under its nationally recognized brands and distribution networks. Advantage will provide all of the payroll processing activities using its well-established infrastructure.
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- People:
- Robert J. Murray
- Places:
- United States
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