The leading private equity firm, Thoma Bravo has successfully performed a $12.3 billion buyout taking HR software company, Dayforce (DAY), private. The company's per share buyout stipend is pitched at $70. Leading up to this, Dayforce's stock displayed a consistent pattern of increasing value based on acquisition reports. Following the buyout, trading of DAY shares stopped, the company dropped from the S&P Composite 1500, and an emphasis was put onto a cash deal.
Meanwhile, investors expressed mixed sentiments. While some reaffirmed the valuation of Dayforce even after it demonstrated a steady share price drift, others questioned the fairness of the $70 per share buyout. Notably, investment management firm, T. Rowe Price, was documented selling DAY shares worth millions and vocal in its opposition to Thoma Bravo's Acquisition.
In the midst of these events, Dayforce's operations as a company remain robust. New product upgrades, such as the implementation of AI into Human Capital Management workflows, were launched. Despite missing Q3 earnings estimates, the company reported a rise in revenues year-over-year and subsequently saw its shares escalating in response to the acquisition news.
Dayforce DAY News Analytics from Wed, 07 May 2025 07:00:00 GMT to Tue, 10 Feb 2026 08:00:00 GMT - Rating 0 - Innovation 5 - Information 7 - Rumor -7
