Workday stock jumps 18% on Silver Lake takeover speculation: Is it a done deal?

Enterprise software giant Workday (NASDAQ:WDAY) shares jumped roughly 18% on 13 August to $206.45, their biggest single-session gain since 2016, after Reuters reported that private-equity giant Silver Lake is in talks to acquire the California-based company. Workday has moved from a beaten-down software recovery story to a takeover-arbitrage situation. The shares briefly rose about 30% … Continue reading Workday stock jumps 18% on Silver Lake takeover speculation: Is it a done deal?