Dayforce (DAY) confirmed today that it is engaged in advanced discussions with Thoma Bravo regarding a potential acquisition of Dayforce by Thoma Bravo for US$70 per share.

Private equity giant Thoma Bravo is reportedly circling Dayforce, a $1.76B cloud HCM leader, in what could be a landmark deal reshaping enterprise software.

Software stock Dayforce Inc (NYSE:DAY) was last seen up 25.3% to trade at $66.24, after Bloomberg reported that private equity firm Thoma Bravo is in talks to buy the company, which is valued at $8.4 billion. Bloomberg also noted the potential for a bidding war, however, as well as other factors that could stall a deal.

Dayforce stock nears acquisition premium with limited upside due to slower growth and competition. Click here to find out why DAY stock is a Hold.

Stocks were mostly higher Monday as President Donald Trump was scheduled to meet with Ukraine President Volodymyr Zelensky and European leaders in Washington. Later in the week a number of key retailers,