Reported May 17, 2024 "Thoma Bravo Explores Sale Of Instructure; Holds An 83% Stake In The Company, Has Tapped JP Morgan Chase, Opens New Tab To Gauge The Interest Of Potential Buyers That Include Other Buyout Firms" - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Thoma Bravo is exploring the sale of its 83% stake in Instructure (INST.N), a U.S. education software provider. JPMorgan Chase (JPM.N) has been engaged to gauge interest from potential buyers. Instructure's shares rose 9% to $22 in after-hours trading following the news.

May 20, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Thoma Bravo is exploring the sale of its 83% stake in Instructure, causing shares to jump 9% to $22 in after-hours trading. The sale process is being managed by JPMorgan Chase.
The potential sale of Thoma Bravo's 83% stake in Instructure has led to a significant 9% increase in the stock price, indicating strong market interest and potential for further gains if a deal is confirmed.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
JPMorgan Chase has been engaged by Thoma Bravo to manage the sale process of its 83% stake in Instructure. This involvement could enhance JPMorgan's reputation in handling significant M&A deals.
JPMorgan Chase's role in managing the sale process for Thoma Bravo's stake in Instructure could positively impact its reputation and business in the M&A sector, potentially leading to increased business opportunities.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50