Instructure, Inc.

Company: Instructure, Inc.

Deadline: TBD

Kaskela Law LLC is investigating Instructure, Inc. (NYSE: INST) on behalf of the company’s shareholders.

On November 14, 2019, Instructure announced that it had “commenced a process to explore strategic alternatives in order to maximize shareholder value.”

Less than three weeks later, on December 4, 2019, Instructure announced that had agreed to be acquired by private equity investment firm Thoma Bravo, LLC.  According to the announcement, investors will receive $47.60 per share in cash for their shares of Instructure common stock – approximately 10% lower than the closing price of the shares on December 3, 2019.

Subsequently, one of the company’s largest stockholders announced that it would be voting against the announced transaction, and that it was “concerned about [Instructure’s] governance, potential conflicts of interest, and the circumstances surrounding the announced transaction.”

Most recently, on December 18, 2019, a second large stockholder announced its intention to vote against the proposed transaction, and also voiced “its concerns with the sale process and conflicts of interest involving key members of the board and management team,” and its concern “that the board and management may not have acted in the best interest of shareholders.”

Kaskela Law’s investigation seeks to determine whether Instructure’s officers and/or directors violated the securities laws or breached their fiduciary duties to the company’s stockholders in connection with the proposed transaction to sell the company to Thoma Bravo.

Instructure shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by completing the information form on this page, for additional information about this investigation and their legal rights and options.

Submit Your Information

  • Date Format: MM slash DD slash YYYY
  • This field is for validation purposes and should be left unchanged.