Dayforce, Inc. announced a definitive agreement with Thoma Bravo to become privately held in a US$12.3 billion all-cash transaction.
Stockholders to receive US$70 per share in cash, marking a 32% premium to the unaffected share price.
The transaction aims to accelerate Dayforce's growth, customer value, and AI leadership in human capital management (HCM).
Premium Transaction
Stockholders to receive US$70.00 per share, a premium of 32% over the unaffected closing share price.
Strategic Partnership
Thoma Bravo's investment aims to amplify Dayforce's promise of making work life better and secure a leading position in AI.
Board Approval
The Board of Directors believes the transaction will provide immediate and substantial value to Dayforce stockholders.
- Thoma Bravo's investment in Dayforce signifies a vote of confidence in the company's growth potential and market leadership in HCM.
- The transaction is expected to bring substantial value to Dayforce stockholders and further strengthen the company's position as an AI-driven enterprise software provider.
The agreement with Thoma Bravo marks a significant milestone for Dayforce, securing a strategic partnership and positioning the company for accelerated growth and innovation in the HCM sector.