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BUZZ-Dayforce jumps on report that Thomas Bravo is in talks to buy firm

Reuters
Aug 18
BUZZ-<a href="https://laohu8.com/S/DAY">Dayforce</a> jumps on report that Thomas Bravo is in talks to buy firm

** Shares of HR management software firm Dayforce DAY.N surge 21% to $63.99 premarket

** PE firm Thoma Bravo in talks to acquire Dayforce, Bloomberg News reported on Sunday

** Reuters was unable to confirm the report; Dayforce and Thoma Bravo did not respond to requests for comment

** Dayforce market cap at $8.44 billion as of Friday's close, according to LSEG data

** We would not be surprised if DAY chose to sell given the lack of appreciation for the stock in the public markets - Jefferies

** DAY trades at nearly 20x profit estimates vs about 24x for Workday WDAY.O, 27x for Automatic Data Processing ADP.O and 22x for Paycom Software PAYC.N

** Up to last close, stock fell about 27% this year

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))

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