Dayforce Surges 2.37% on $12.3B Thoma Bravo Deal as Trading Volume Soars to 67th in Market Activity

Dayforce (DAY) surged 2.37% on August 21, 2025, with a trading volume of $0.90 billion, a 141.49% increase from the previous day, ranking 67th in market activity. The stock’s performance followed a landmark announcement of a $12.3 billion all-cash acquisition by Thoma Bravo, a leading software investment firm. Under the deal, shareholders will receive $70 per share, a 32% premium to the unaffected price of $53 on August 15. The transaction includes a minority stake from the Abu Dhabi Investment Authority (ADIA), signaling strong institutional confidence in Dayforce’s AI-driven human capital management (HCM) platform and growth potential.

The deal, approved by Dayforce’s board, aims to accelerate the company’s expansion, enhance customer value, and solidify its leadership in AI-powered HCM solutions. David Ossip, Dayforce’s CEO, emphasized the partnership’s focus on innovation and operational excellence, aligning with Thoma Bravo’s expertise in scaling software businesses. The acquisition is expected to close by early 2026, pending regulatory and shareholder approvals. Post-transaction, Dayforce will operate as a private entity but retain its brand and market presence. The move has been framed as a strategic step to capitalize on the evolving HCM landscape, with Thoma Bravo’s investment strategy targeting long-term growth and technological advancement.

Thoma Bravo’s Managing Partner Holden Spaht highlighted Dayforce’s global scale and product differentiation as key assets, positioning the company to address rising demand for integrated workforce solutions. The transaction’s structure, free of financing conditions, underscores the certainty of funding and execution. Legal advisors Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis LLP have been engaged, with Goldman Sachs and J.P. Morgan providing financial advisory services. Investors are urged to review the upcoming proxy statement for detailed transaction terms and governance updates.

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