Instructure accepts Thoma Bravo's raised takeover bid [Reuters]
Instructure Holdings, Inc. (INST)
Last instructure holdings, inc. earnings: 2/28 04:46 pm
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ir.instructure.com/investors/investors-home/default.aspx
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Source: Reuters
Instructure accepts Thoma Bravo's raised takeover bid BOSTON, Feb 14 (Reuters) - Instructure Inc said on Friday it will sell itself to Thoma Bravo for $49 a share after the private equity firm twice increased its bid for the U.S. educational software company within the last two days. The company’s board of directors accepted Thoma Bravo’s raised all-cash offer and said shareholders now have until February to vote on the deal. Thoma Bravo’s new offer is $1.40 a share higher than its initial offer of $47.60, made in early December, and represents more favorable terms than the $48.50 a share tender offer that was made earlier this week. Some influential shareholders had been initially critical of the proposed sale to Thoma Bravo, saying it undervalued the Salt Lake City-headquartered company. Now the company has indications that some critics may like the current deal.
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News
- Instructure to Present at Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Instructure to Present at Upcoming Investor ConferencesPR Newswire
- Instructure Holdings, Inc. (NYSE:INST) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Instructure Holdings First Quarter 2024 Earnings: US$0.14 loss per share (vs US$0.083 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Instructure Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
INST
Earnings
- 5/8/24 - Beat
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Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/2/24 - Form 8-K
- INST's page on the SEC website