Learning Management Systems
Thoma Bravo Ups Instructure Offer
In a revised agreement announced this morning, venture capital company Thoma Bravo has increased its offer to acquire Instructure, from the prior $47.60 per share to a "best and final offer" of $49 per share in cash. A Special Meeting of Instructure Stockholders, previously scheduled for today, has been postponed to Tuesday, Feb. 25, 2020, to give stockholders more time to consider their approval vote.
The Instructure Board of Directors has approved the revised agreement and "recommend that Instructure stockholders vote in favor of the transaction," according to a company statement.
About the author: Rhea Kelly is executive editor for Campus Technology. She can be reached at [email protected].