Dayforce (DAY), a provider of cloud Human Capital Management (HCM) services, has been at the center of an
acquisition discussion involving private equity firm
Thoma Bravo. The transaction, estimated at
$12.3 billion, is based on a $70.00 per share buyout. The proposed deal has sparked mixed reactions with law firms and analysts investigating the adequacy of the purchase price. Some shareholders have litigated over perceived undervaluation, prompting law firms to encourage shareholders to rally and contest the transaction. On the other hand, the buyout has prompted an upward price target adjustment to $70 by Barclays and Jefferies Financial Group. In terms of performance, DAY has witnessed significant price jumps on acquisition reports, with one noteworthy climb of 31%. Amidst this, there has been a careful cross-analysis among analysts, with reports indicating both technical neutrality and weakness amid mixed signals. Ultimately, post-acquisition, Dayforce is set to become a private company. Notably, the company was recently named the official Human Resources Services Provider for the Kansas City Chiefs and has seen its position increased by Russell Investments.
Dayforce DAY News Analytics from Thu, 10 Oct 2024 22:00:02 GMT to Fri, 29 Aug 2025 11:00:00 GMT -
Rating 8
- Innovation -7
- Information 6
- Rumor -3
