1. DAY is under investigation for fiduciary duty breaches regarding Thoma Bravo's deal. 2. Shareholders will receive $70 per share; insiders gain substantial benefits. 3. Transaction agreement imposes penalties on competing bids for DAY. 4. The investigation questions the board's fulfillment of fiduciary duties.
Investigation into breaches of fiduciary duty can negatively affect shareholder confidence. Historical cases show that similar investigations often lead to unfavorable stock price movements.
The investigation raises significant concerns over the integrity of the board, which investors may react to negatively.
The immediate concerns from the investigation can influence stock volatility. Similar past events, like the probes into board decisions, typically impact stock prices quickly.
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.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
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.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
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Fax: (414) 482-8001