INSTRUCTURE (INST) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Instructure, Inc.

As a result of the merger, Instructures shareholders are only anticipated to receive $47.60 per share in cash in exchange for each share of Instructure.

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Monday, January 6, 2020
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Legal, Professional services, Corporate finance, Financial markets, Financial economics, Economy, Stock market, Corruption, Equity securities, Equity, Fiduciary, Schedule 13D, Securities fraud, Stock
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PENNSYLVANIA, DELAWARE, United States
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Summary
Key Points: 
  • As a result of the merger, Instructures shareholders are only anticipated to receive $47.60 per share in cash in exchange for each share of Instructure.
  • Just days following the announcement of the merger, several of Instructures largest shareholders voiced their opposition to the merger.
  • Rivulet Capital, a shareholder that holds 5.23% of Instructures stock, filed a Schedule 13D with the SEC which discloses that it strongly opposes the merger which significantly undervalues Instructure.
  • Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct.


Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors (the “Board”) of Instructure, Inc. (NYSE: INST) (“Instructure” or the “Company”) relating to the sale of the Company to private equity firm Thoma Bravo, LLC (“Thoma Bravo”). On December 4, 2019, the two parties announced the signing of a definitive merger agreement pursuant to which Thoma Bravo will acquire Instructure in a merger worth $2 billion. As a result of the merger, Instructure’s shareholders are only anticipated to receive $47.60 per share in cash in exchange for each share of Instructure.

Our Firm's investigation so far has discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. Just days following the announcement of the merger, several of Instructure’s largest shareholders voiced their opposition to the merger. Rivulet Capital, a shareholder that holds 5.23% of Instructure’s stock, filed a Schedule 13D with the SEC which discloses that it “strongly opposes” the merger which “significantly undervalues” Instructure. Praesidium Investment Management (“Praesidium”), a 7.5% shareholder of Instructure also voiced its opposition to the merger by writing a letter to the Board citing “a rushed process, potential conflicts of interests and a lack of transparency . . . .”

If you own shares of Instructure and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/instructure-class-action-investigation/ or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. This notice may constitute Attorney Advertising.

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