New York, Feb 3, 2026, 21:17 EST — Market closed
- Dayforce shares ended Tuesday 1.36% higher at $69.86, just shy of the $70 cash offer by roughly 14 cents
- A regulatory filing confirmed that all necessary approvals are secured, with the merger set to close within five business days, pending final conditions
- Trading volume surged to 30.3 million shares, well beyond recent averages
Dayforce, Inc. shares climbed Tuesday as the company edged nearer to finalizing its pending sale. A recent filing revealed the merger is expected to close within five business days, pending necessary regulatory approvals.
That’s significant since the stock is currently hovering right around the $70-a-share cash offer, squeezing any potential gains and leaving minimal margin for mistakes for late buyers.
U.S. markets remain closed until Wednesday, leaving traders to focus on any new details about timing, paperwork, and the final steps needed to close the deal.
Dayforce shares climbed 1.36%, ending the session at $69.86, standing out amid a generally down day for stocks. The S&P 500 dropped 0.84%, while the Dow Jones Industrial Average edged down 0.34%, per MarketWatch data. (MarketWatch)
Volume in Dayforce surged as well, indicating that positioning remains in flux despite the stock hovering close to the offer price.
In its filing with the U.S. Securities and Exchange Commission, the company noted that the buyer — Dayforce Bidco, LLC — has secured the necessary regulatory approvals and aims to close the deal within “the next five (5) business days,” pending final closing conditions.
In August, the company agreed to be acquired by private equity firm Thoma Bravo in an all-cash transaction valued around $12.3 billion. Shareholders are set to receive $70 per share. The deal also involves a minority stake from a subsidiary of the Abu Dhabi Investment Authority, the company said at the time. (Dayforce Investors)
Shareholders gave the green light to the deal back in November. “This is an important milestone in our transaction,” CEO David Ossip remarked at the time. (Dayforce Investors)
Deal traders focus on the “deal spread” — the difference between the stock price and the offer. By Tuesday’s close, that spread had narrowed to roughly 0.2%, offering minimal room for delays in the timeline.
But the finish line isn’t certain yet. The company cautioned that closing depends on remaining conditions, and any hold-up, dispute, or legal battle could quickly widen the spread.
Dayforce operates in the competitive human capital management software space alongside rivals like Workday, ADP, and Paycom. Should the deal finalize, Dayforce will exit the public markets, removing a notable HCM player from the mix.
Next on the agenda: investors await the closing notice and any word on when the stock will cease trading on the New York Stock Exchange. If the five-business-day countdown starting Feb. 2 stays on track, all eyes will be on announcements near Feb. 9 — and whether anything disrupts the transition.
