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18h ago

Dayforce Confirms Advanced Buyout Talks With Thoma Bravo at $70 a Share

The HR software maker says discussions are progressing on a cash offer as it cautions there is no assurance of a deal.

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Overview

  • Dayforce disclosed it is in advanced discussions on a $70-per-share proposal from Thoma Bravo, valuing the company at roughly $11.18 billion with a 32.4% premium, according to Reuters calculations.
  • Shares jumped about 26% on Monday after initial reports surfaced and rose again premarket on Wednesday following the company’s confirmation of talks.
  • Reporting diverges on timing, with Reuters saying an announcement could come as soon as this week or next, while Bloomberg notes the process could be delayed or collapse.
  • The potential buyout aligns with Thoma Bravo’s push for software assets tied to resilient subscriptions and AI growth.
  • Recent results strengthened Dayforce’s appeal, including a swing to $21.3 million in quarterly net income and roughly 10% year-over-year revenue growth, as the HCM sector continues consolidating with deals such as Paychex–Paycor and ADP–WorkForce Software.