INST - Instructure, Inc.

NYSE - NYSE Delayed Price. Currency in USD
48.75
-0.05 (-0.10%)
At close: 4:02PM EST

48.88 +0.13 (0.27%)
After hours: 7:08PM EST

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Previous Close48.80
Open48.80
Bid47.87 x 900
Ask48.88 x 800
Day's Range48.72 - 48.86
52 Week Range37.06 - 54.31
Volume1,746,360
Avg. Volume1,328,036
Market Cap1.865B
Beta (5Y Monthly)0.48
PE Ratio (TTM)N/A
EPS (TTM)-2.17
Earnings DateApr 26, 2020 - Apr 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est49.80
  • GlobeNewswire

    INSTRUCTURE ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of INST and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Instructure, Inc. (INST) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to Thoma Bravo, LLC. 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.

  • Thoma Bravo Commences Tender Offer for All Outstanding Shares of Instructure
    PR Newswire

    Thoma Bravo Commences Tender Offer for All Outstanding Shares of Instructure

    Thoma Bravo and Instructure (NYSE: INST) ("Instructure" or the "Company") today announced that PIV Merger Sub, Inc. ("Purchaser"), an affiliate of Thoma Bravo, has commenced a previously announced cash tender offer to purchase all of the outstanding shares of common stock of Instructure.

  • PR Newswire

    Instructure and Thoma Bravo Revise Definitive Agreement

    Instructure (NYSE: INST) (the "Company") today announced that its Board of Directors has approved and recommends a revised definitive agreement to be acquired by Thoma Bravo, LLC ("Thoma Bravo"), under which Thoma Bravo will acquire all outstanding shares of Instructure for $49.00 per share in cash. Under the terms of the revised agreement, Thoma Bravo will promptly commence a tender offer on or before February 24, 2020 to acquire all outstanding shares of Instructure's common stock. Following completion of the tender offer, Thoma Bravo will complete a second-step merger in which any remaining common shares of Instructure will be converted into the right to receive the same per share price paid in the tender offer.

  • PR Newswire

    Instructure Announces Leadership Transition

    Instructure (NYSE: INST) today announced that Dan Goldsmith has informed the Board of Directors of his intent to step down as CEO and as a member of the Board of Directors. Goldsmith will remain with the Company until March 6 to help with the transition. The Company will form an Office of the CEO comprised of a group of the most senior executives to lead the business in the interim until a successor can be named. The Board will hire an executive search firm to assist in its process to evaluate candidates to succeed Goldsmith.

  • PR Newswire

    /C O R R E C T I O N -- Instructure/

    Instructure (NYSE: INST) and Thoma Bravo, LLC today announced that they have entered into an amendment to their definitive merger agreement under which Thoma Bravo has increased to $49.00 per share in cash its offer to acquire all outstanding shares of Instructure. The offer, which represents a best and final offer, is an increase from the prior $47.60 per share offer.

  • Instructure Accepts Higher Takeover Offer From Thoma Bravo
    Bloomberg

    Instructure Accepts Higher Takeover Offer From Thoma Bravo

    (Bloomberg) -- Educational software company Instructure Inc. has accepted an increased takeover offer from Thoma Bravo.The private equity firm boosted its offer to $49 per share in cash, from an earlier proposal of $47.60 per share, Instructure said in a filing Friday. Thoma Bravo’s latest bid is its best and final offer, according to the filing.Instructure’s board has approved a revised deal agreement and recommended investors vote in favor of the transaction. The company plans to adjourn a shareholder vote that was scheduled for Friday and will postpone the meeting until Feb. 25.The terms are aimed at sealing what has become an especially messy take-private deal.Thoma Bravo agreed to buy Instructure in December in a deal worth about $2 billion, but several investors balked at the original price and accused the company of running botched sales process. Thoma Bravo had to decide whether to boost its offer or walk away this week after it became clear that shareholders were going to reject that pact.Instructure boosted its initial offer by 90 cents but the company’s board rejected that proposal, in part because it it had a complicated structure involving a two-step tender offer, Bloomberg News reported this week.The latest terms may still not appease investors. At least four of Instructure’s sizable shareholders reached Thursday said they would only consider potential acquisitions for Instructure at the mid-to-high $50-a-share range, arguing its Canvas business is extremely valuable.Instructure rose 4.3% to $47.94 at 9:33 a.m. in New York trading Friday giving the company a market value of $1.8 billion.(Updates with additional background starting in third paragraph)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Aaron KirchfeldFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • PR Newswire

    Instructure Will Adjourn Special Meeting of Instructure Stockholders

    Instructure (NYSE: INST) today announced that it will adjourn today's Special Meeting of Instructure Stockholders called to vote on the previously announced definitive merger agreement with Thoma Bravo, LLC to acquire all outstanding common shares of Instructure for $47.60 per share in cash.

  • Thoma Bravo Fails to Win Support for Instructure Deal
    Bloomberg

    Thoma Bravo Fails to Win Support for Instructure Deal

    (Bloomberg) -- Thoma Bravo failed to win the necessary support to acquire educational software company Instructure Inc. after investors balked at the original terms, according to people familiar with the matter.The private equity firm required a majority of Instructure shareholders to support the deal. Preliminary tallies ahead of a shareholder vote planned for Thursday showed they failed to reach that threshold, the people said, asking not to be identified because the matter is private.Thoma Bravo will now have to decide whether to increase its bid or walk away from the deal.Representatives for Thoma Bravo and Instructure weren’t immediately available for comment. Instructure fell less than 1% to close at $47.34 in New York trading Wednesday, giving the company a market value of $1.8 billion.Thoma Bravo agreed in December to acquire the company for $47.60 a share, a price that received investor pushback. Praesidium Investment Management, Rivulet Capital, Lateef Investment Management and Oberndorf Enterprises wrote letters to the board expressing their concerns about the sales process and price.Shareholders representing about a third of the investor base said they planned to vote against the deal in interviews with Bloomberg and through public statements.Compounding matters, two prominent shareholder advisory firms -- Institutional Shareholder Services Inc. and Glass Lewis & Co. -- recommended investors vote against the deal, citing concerns about the process, price and other issues.Both said there was little risk for the Salt Lake City-based company to remain a standalone entity.Instructure’s board supported the original deal terms, arguing the transaction came after 11 months of talks with potential suitors and followed a strategic review in which 40 parties were contacted and 19 confidentiality agreements signed.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    Rigrodsky & Long, P.A. Files Class Action Suit Against Instructure, Inc.

    WILMINGTON, Del., Jan. 30, 2020 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.

  • GlobeNewswire

    SHAREHOLDER ALERT: WeissLaw LLP Reminds AYR, INST, HEMA, and MSBF Shareholders About Its Ongoing Investigations

    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Aircastle Limited (AYR) in connection with the proposed acquisition of the Company by Marubeni Corp and Mizuho Leasing Co.  Under the terms of the acquisition agreement, AYR shareholders will receive $32.00 in cash for each AYR share that they own. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Instructure, Inc. (INST) in connection with the proposed acquisition of the Company by Thoma Bravo, LLC.  Under the terms of the acquisition agreement, INST shareholders will receive $47.60 for each INST share that they own.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Monteverde & Associates PC is Investigating the Following Merger

    NEW YORK, NY / ACCESSWIRE / January 28, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • PR Newswire

    Instructure Comments on ISS Report Regarding Proposed Thoma Bravo Acquisition

    Instructure (NYSE: INST) today issued the following statement in response to the recommendation issued by Institutional Shareholder Services Inc. ("ISS") regarding the Company's previously announced definitive merger agreement to be acquired by Thoma Bravo, LLC for $47.60 per share in cash.

  • GlobeNewswire

    SHAREHOLDER ALERT: WeissLaw LLP Reminds XPER and TIVO, IBKC and INST Shareholders About Its Ongoing Investigations

    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Xperi Corporation (XPER) and TiVo Corporation (TIVO) in connection with the proposed merger of the two companies. Under the terms of the merger agreement, the shares of XPER and TIVO stockholders will be converted into the shares of a new parent company based on a fixed exchange ratio of 0.455 XPER share per existing TIVO share.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Monteverde & Associates PC is Investigating the Following Transaction

    NEW YORK, NY / ACCESSWIRE / January 24, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • ACCESSWIRE

    MERGER ALERT - INST, DERM, and PRMW: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, NY / ACCESSWIRE / January 20, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders ...

  • GlobeNewswire

    SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – TIF, INST, TCBI, LOGM

    NEW YORK, Jan. 20, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Tiffany & Co. (NYSE: TIF)The.

  • ACCESSWIRE

    IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Instructure, Inc. and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 15, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure, Inc. ...

  • GlobeNewswire

    HXL, TLRA, CBB, and INST SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., Jan. 15, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: Hexcel Corporation (NYSE: HXL) regarding possible breaches of fiduciary.

  • ACCESSWIRE

    MERGER ALERT - SGB and INST: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, NY / ACCESSWIIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders ...

  • GlobeNewswire

    SHAREHOLDER ALERT: WeissLaw LLP Reminds AYR, CBPX, INST, and HEMA Shareholders About Its Ongoing Investigations

    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Aircastle Limited (AYR) in connection with the proposed acquisition of the Company by Marubeni Corp and Mizuho Leasing Co.  Under the terms of the acquisition agreement, AYR shareholders will receive $32.00 in cash for each AYR share that they own. Under the terms of the acquisition agreement, CBPX shareholders will receive $37.00 for each CBPX share that they own.

  • ACCESSWIRE

    INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Instructure, Inc. and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 14, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure, Inc. ...

  • ACCESSWIRE

    SHAREHOLDER ALERT: Monteverde & Associates PC Reminds Investors of its Ongoing Investigation Regarding the Acquisition

    NEW YORK, NY / ACCESSWIRE / January 13, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • PR Newswire

    Instructure Lead Independent Director Sends Letter to Shareholders Highlighting the Compelling and Market-Tested Value of the Thoma Bravo Transaction

    The Lead Independent Director of the Board of Directors of Instructure (NYSE: INST), Lloyd "Buzz" Waterhouse, today sent an open letter on behalf of the Board of Directors to the Company's shareholders regarding the previously announced definitive merger agreement with Thoma Bravo, LLC.

  • ACCESSWIRE

    SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Instructure, Inc. and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 11, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Instructure, Inc. ...