Cases
Instructure, Inc.
Merger
Overview
Overview
- Date:
- 2/25/2020
- Case Caption:
- Rubin v. Instructure, Inc., et al.
- Stock Symbol:
- INST
- Company Name - Buyer:
- Thoma Bravo, LLC
- Status:
- Closed/Complete
- Merger Announcement Date:
- 2/17/2020
On February 17, 2020, Instructure announced that it had signed an amended and restated merger agreement to be acquired by Thoma Bravo for $49 per share in cash. On February 24, 2020, Thoma Bravo commenced a tender offer to purchase all outstanding shares of Instructure common stock. The tender offer is scheduled to close on March 20, 2020.
Bragar Eagel & Squire is concerned that Instructure’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Instructure’s stock has recently traded well above the $49 per share deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Instructure stockholders.
Bragar Eagel & Squire is concerned that Instructure’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Instructure’s stock has recently traded well above the $49 per share deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Instructure stockholders.