Dayforce Acquisition Under Scrutiny as Shareholder Law Firm Investigates

A proposed acquisition of workforce management firm Dayforce by private equity group Thoma Bravo is facing formal scrutiny. The investigation, initiated by shareholder rights litigation firm Halper Sadeh LLC, centers on whether the $70 per share all-cash offer adequately reflects the true value of Dayforce stock and whether the company’s board has fulfilled its fiduciary duties to shareholders.

The $70 per share acquisition price forms the core of this examination. Halper Sadeh is investigating potential breaches of securities laws and fiduciary responsibilities in connection with the proposed transaction. Such legal reviews are a standard feature of significant merger and acquisition activity, serving to protect the interests of minority shareholders.

Despite the ongoing investigation, Dayforce’s stock has demonstrated notable stability. Shares are currently trading near $68.99, hovering just... Read more...