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Investing.com -- Dayforce has agreed to be acquired by Thoma Bravo in an all-cash transaction valued at $12.3 billion, which will take the company private.
Under the terms of the definitive agreement, Dayforce stockholders will receive $70 per share in cash, representing a 32% premium to the unaffected share price.
The transaction includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority.
Dayforce will continue to operate under its current name and brand following the completion of the deal, which is expected to close in early 2026.
The acquisition is subject to customary closing conditions, including approval by Dayforce stockholders and receipt of required regulatory approvals.
Evercore is serving as the exclusive financial adviser to Dayforce, while Goldman Sachs and JPMorgan are acting as financial advisers to Thoma Bravo.
Goldman Sachs is also providing financing for the transaction.
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