December 4, 2019 / 1:56 PM / 4 days ago

CORRECTED-PE firm Thoma Bravo to buy Instructure in $2 bln all-cash deal

(Corrects to say discount of 10% instead of premium of 42% in second paragraph)

Dec 4 (Reuters) - Education software firm Instructure Inc said on Wednesday it would be bought by private equity investment firm, Thoma Bravo in an all-cash deal of about $2 billion.

Stockholders of the company will receive $47.60 in cash per share, a discount of about 10% to Instructure’s closing price on Tuesday. (Reporting by Ambhini Aishwarya in Bengaluru; Editing by Rashmi Aich)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below