Why Instructure Shares Are Trading Higher Friday
Portfolio Pulse from Dylan Berman
Instructure Holdings, Inc. (NYSE:INST) shares are trading higher following reports that KKR and Francisco Partners are competing to acquire the company. Although a sale is not certain, both firms are expected to submit offers next week. Thoma Bravo, which holds an 83% stake, may not agree to sell. All parties declined to comment.
July 05, 2024 | 3:22 pm
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Instructure Holdings, Inc. (NYSE:INST) shares are up 6.23% following news that KKR and Francisco Partners are competing to acquire the company. The potential acquisition has driven investor interest, although Thoma Bravo, the majority stakeholder, may not agree to sell.
The news of a potential acquisition by two major firms has positively impacted Instructure's stock price. The competition between KKR and Francisco Partners suggests a high valuation, which is favorable for current shareholders. However, the uncertainty around Thoma Bravo's decision introduces some risk.
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