Shareholders Foundation, Inc.

NYSE: INST Investor Notice: Investigation of Takeover of Instructure, Inc.

An investigation on behalf of investors of Instructure, Inc. (NYSE: INST) in connection with the proposed takeover was announced and NYSE: INST stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 01/28/2020 -- An investigation was announced concerning whether the takeover of Instructure, Inc. is unfair to NYSE: INST stockholders.

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 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

Those who are current investors in Instructure, Inc. (NYSE: INST) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.