Nov 12 (Reuters) - Dayforce ( DAY ) said that it has

received an overwhelmingly positive stockholder vote for a

proposed $12.3 billion buyout of the HR software provider by

Thoma Bravo, a month after its largest shareholder said it would

vote against the deal.

The preliminary results of a special meeting held on

Wednesday showed that about 88.4% of votes were in favor of the

Thoma Bravo deal.

The software sector has emerged as an investment target due

to resilient subscription services and recurring revenue in an

economy weighed down by a deteriorating labor market, trade

tariffs and erratic spending.

T. Rowe Price Associates, with a 15.7% stake in

Dayforce ( DAY ), had in October said it would vote against the

transaction, calling the offer "underwhelming" and an attempt to

take advantage of "short-term pessimism" in the sector.

Thoma Bravo had agreed to buy Dayforce ( DAY ) in August to

strengthen its software portfolio as the private equity firm

bets on recurring revenue business models to weather an

uncertain economic environment.

The deal is expected to close late this year or early 2026.

Dayforce ( DAY ) shareholders will receive $70 per share in cash, under

the terms of the merger.