Instructure, Inc. (NYSE: INST) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

Investors who purchased shares of Instructure, Inc. (NYSE: INST) and currently hold any of those NYSE: INST shares have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Instructure
Affected Securities: 
NYSE: INST

An investigation on behalf of investors, who currently hold shares of Instructure, Inc. (NYSE: INST), was announced concerning whether the takeover of Instructure, Inc. is unfair to NYSE: INST stockholders.

The investigation by a law firm concerns whether certain officers and directors of Instructure, Inc. breached their fiduciary duties owed to NYSE: INST investors in connection with the proposed acquisition.

Salt Lake City, UT based Instructure, Inc. provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide.

On December 4, 2019 Instructure (NYSE: INST) announced that it has agreed to be acquired by Thoma Bravo, LLCin an all-cash transaction that values Instructure at an aggregate equity value of approximately $2 billion.

As part of the terms of the agreement, Instructure stockholders will receive $47.60 in cash per share.

However, given that at least one analyst has set the high target price for NYSE: INST at $56.00 per share, the investigation concerns whether the offer is unfair to NYSE: INST stockholders. More specifically, the investigation concerns whether the Instructure Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Instructure, Inc. reported that its annual Total Revenue rose from $158.8 million in 2017 to $209.54 million in 2018 and that its Net Loss declined from $49.82 million in 2017 to $43.46 million in 2018.