Dayforce's (DAY) agreement to be acquired and taken private by Thoma Bravo is considered a "good outcome" for shareholders, as it should enable the company to manage its current market and demand issues privately, away from the public eye, KeyBanc Capital Markets said in a report Friday.
Thoma Bravo offered to buy Dayforce in an all-cash deal valued at $70 per share, equal to an enterprise value of $12.3 billion, KeyBanc said, adding that the offer translates to an implied multiple of 16.3 times projected 2026 earnings before interest, taxes, depreciation and amortization, or 5.4 times revenue, which is in line with industry peers.
Dayforce said Thursday it expects the deal to close in early 2026.
KeyBanc has downgraded Dayforce shares to sector weight from overweight following Thoma Bravo's acquisition offer.
Price: 69.19, Change: +0.19, Percent Change: +0.28
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.