Software Stock Soars on Reported Buyout Interest

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. Today's bull gap has DAY trading at its highest level since February, on track for its largest single-day percentage gain on record. Breaking above pressure at the $60 level for the first ti ...