The Ademi Firm is investigating Dayforce (NYSE: DAY) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.
Shareholders of Dayforce will receive $70.00 per share in an all-cash transaction valued at approximately $12.3 billion. Dayforce insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Dayforce by imposing a significant penalty if Dayforce accepts a competing bid. We are investigating the conduct of the Dayforce board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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