Paychex is denying on a blogger’s report that Paychex founder and Chairman Tom Golisano is open to merger talks with M&T Bank.
The payroll service company issued a statement this afternoon saying there’s “no factual foundation” to this report and the company is not talking with the Buffalo-based bank. The company says it a statement that Golisano has never talked with anyone or offered his opinion about such a merger. Anything of the sort would go through official company channels and be considered by the board of directors.
The company concludes “this report is false.”