Instructure’s Shares Fall 3% Amid Concerns the $2 Billion Takeover from Thoma Bravo Will Fail

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IBL News | New York

Instructure (NYSE: INST) today adjourned to February 14, 2020, the Special Meeting of stockholders called to vote on the $2 billion takeover proposal (or $47.60 per share) from equity firm Thoma Bravo, LLC.  Information regarding the adjournment was disclosed in a document filed today at the SEC.

The stock market didn’t take well the announcement and press stories around discrepancies among stakeholders. As a result, it brought down the price of the stock 3% until $45.92 per share in New York trading. The market capitalization decreased to $1.2 Billion.

The dominant speculation points out that Thoma Bravo will fail tomorrow to win investors’ majority support for its offer and Instructure will continue as a traded company while evaluating new strategic options.

 



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