Le Lézard
Classified in: Business
Subject: ATY

(INST) Alert: Johnson Fistel Investigates Proposed Sale of Instructure; Is $47.60 a Fair Price?


SAN DIEGO, Dec. 4, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Instructure, Inc. (NYSE: INST) breached their fiduciary duties in connection with the proposed sale of the Company to Thoma Bravo, LLC.

On December 4, 2019, Instructure announced that it had signed a definitive merger agreement with Thoma Bravo. Under the terms of the merger agreement, Instructure shareholders will receive $47.60 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 has a $60.00 price target on the stock. The 52-week high for Jagged 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


These press releases may also interest you

at 22:00
Locus, a global B2B SaaS company that automates human decisions in the supply chain, today announced a partnership with Vinculum, a global software SaaS company enabling omnichannel commerce and supply chain fulfillment for brands. Locus and Vinculum...

at 21:34
SANY unveiled full battery electric version of its truck mixers, which are scheduled to be under the spotlight at bauma CHINA 2020....

at 21:20
Compare-autoinsurance.org has launched a new blog post that presents various methods that help policyholders to keep their cars safe against thieves and save car insurance money at the same time. For more info and free car insurance quotes online,...

at 19:08
Note: All times local Ottawa, Ontario Private meetings. 9:55 a.m. The Prime Minister will participate in a livestream conversation as part of the Leaders Event for Nature and People, a side event to the United Nations General Assembly. The event will...

at 19:02
EY today announced the availability of a new Explorer & Visualizer solution, an expansion of the EY Blockchain Analyzer product suite, beta version available free for individual use and soon to be available as-a-service on...

at 19:01
EY today announced the availability of the EY OpsChain Network Procurement solution, a first-of-its-kind solution built on the EY OpsChain platform that allows companies to run private, secure, end-to-end procurement activities on the...



News published on 4 december 2019 at 10:26 and distributed by: