Dayforce shareholders back Thoma Bravo's $12.3 billion take-private deal

Reuters

Wed, November 12, 2025 astatine 11:47 AM CST 1 min read

(Reuters) -Dayforce said that it has received an overwhelmingly affirmative stockholder ballot ​for a projected $12.3 cardinal buyout of the ‌HR bundle supplier by Thoma Bravo, a period aft its ‌largest shareholder said it would ballot against the deal.

The preliminary results of a peculiar gathering held connected Wednesday showed that astir 88.4% of votes were successful favour ⁠of the Thoma ‌Bravo deal.

The bundle assemblage has emerged arsenic an concern people owed to resilient subscription ‍services and recurring gross successful an system weighed down by a deteriorating labour market, commercialized tariffs and erratic spending.

T. ​Rowe Price Associates, with a 15.7% ‌stake successful Dayforce, had successful October said it would ballot against the transaction, calling the connection "underwhelming" and an effort to instrumentality vantage of "short-term pessimism" successful the sector.

Thoma ⁠Bravo had agreed to bargain Dayforce ​in August to fortify its ​software portfolio arsenic the backstage equity steadfast bets connected recurring gross concern models to upwind an ‍uncertain economical environment.⁠

The woody is expected to adjacent precocious this twelvemonth oregon aboriginal 2026. Dayforce shareholders volition person ⁠$70 per stock successful cash, nether the presumption of the merger.

‌(Reporting by Juby Babu successful Mexico City;‌ Editing by Shailesh Kuber)