Dayforce in Talks for $11.18 Billion Acquisition by Thoma Bravo
Dayforce, a human capital management software provider, is in advanced talks with private equity firm Thoma Bravo regarding a potential acquisition valued at $11.18 billion. The proposed deal represents a 32.4% premium over Dayforce's stock price prior to the discussion's disclosure. Economic uncertainties have recently pressured the company's stock value.
HR software provider Dayforce announced Wednesday that it is in advanced talks to be acquired by private equity giant Thoma Bravo at a proposed price of $70 per share.
This potential transaction represents a 32.4% premium compared to the closing stock price on August 15, when the discussions were first made public. Reuters' calculations estimate the deal's value at around $11.18 billion, though Dayforce cautioned that there can be no guarantee an agreement will be finalized.
Dayforce, previously known as Ceridian, has faced challenges from uncertain customer spending amid shifting trade policies and a weakening labor market. These factors have contributed to a more than 9% decline in the company's stock value this year, raising the stakes for the proposed acquisition.
(With inputs from agencies.)
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