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Ceridian Makes Asset Deal

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NU Online News Service, Jan. 11, 2005, 4:07 p.m. EST

A Minneapolis human resources administrator has acquired a block of health and welfare accounts from Stone Partners Inc., Houston.[@@]

The administrator, Ceridian Corp., is not giving the price of the deal.

Stone Partners, a benefits firm founded in 1987, says it will continue to handle benefits consulting services.

Ceridian helps 116,000 employers around the world with programs that administer benefits programs, payroll programs and other programs for 25 million employees.


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