Dayforce Confirms Buyout Talks. The Stock Is Rising.

Dayforce and private-equity firm Thoma Bravo are discussing an acquisition for $70 a share. (Getty Images)

Dayforce stock was rising Wednesday after the company confirmed reports that it was in talks to be acquired by private-equity firm Thoma Bravo.

The company, which sells human resources software, said the pair were engaged in advanced discussions over a buyout at $70 a share. Dayforce cautioned, however, that an agreement wasn’t assured at this time.

Dayforce was up 3.7% to $67.88 on Wednesday.

News of the talks with Thoma Bravo first broke Monday, sending Dayforce shares up 26%.

Thoma Bravo, which mainly focuses on software investments, had around $184 billion in assets under management as of March 31.

Write to Nate Wolf at nate.wolf@barrons.com