Shares of Dayforce Inc. jumped sharply after reports emerged that a buyout firm, Thoma Bravo, is targeting the human resource software and services group. The news sent the stock soaring, making it the top performer in the S&P 500 and leading to its highest one-day gain in history.
The deal, which could be announced in the coming weeks, would see Thoma Bravo take Dayforce private, according to Bloomberg sources. If successful, the acquisition would mark a significant development for the HR software sector.
Source: https://www.marketwatch.com/story/a-buyout-firm-reportedly-has-dayforce-in-its-sights-shares-of-the-hr-software-group-are-soaring-932ad39d