(INST) Alert: Johnson Fistel Investigates Proposed Sale of Instructure; Is $49 a Fair Price?

Loading...
Loading...

SAN DIEGO, March 3, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Instructure, Inc. INST breached their fiduciary duties in connection with the proposed sale of the Company to Thoma Bravo, LLC.

On February 17, 2020, Instructure announced that it had signed an amended definitive merger agreement with Thoma Bravo. Under the terms of the merger agreement, Instructure shareholders will receive $49.00 in cash per share.

The investigation concerns whether the Instructure board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Instructure shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst had a $60.00 price target on the stock. The 52-week high for Instructure was $54.31

If you are a shareholder of Instructure and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

[Click here to join this action]

SOURCE Johnson Fistel, LLP

Loading...
Loading...
Posted In: Press ReleasesBanking/Financial Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...