Instructure To Be Acquired By KKR For $4.8B, Or $23.60 Per Share In An All-Cash Transaction
Portfolio Pulse from Benzinga Newsdesk
Instructure Holdings, Inc. (NYSE:INST) will be acquired by KKR for $4.8 billion in an all-cash transaction. Shareholders will receive $23.60 per share, a 16% premium over the unaffected share price. The transaction will make Instructure a privately held company.
July 25, 2024 | 12:56 pm
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Instructure Holdings, Inc. (NYSE:INST) will be acquired by KKR for $4.8 billion in an all-cash transaction. Shareholders will receive $23.60 per share, a 16% premium over the unaffected share price. The transaction will make Instructure a privately held company.
The acquisition by KKR at a 16% premium is likely to drive the stock price of Instructure (INST) up in the short term as investors react to the premium offer. The news is highly relevant and important as it directly affects the company's stock price and ownership structure.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
KKR will acquire Instructure Holdings, Inc. (NYSE:INST) for $4.8 billion in an all-cash transaction. The acquisition is part of KKR's strategy to expand its portfolio in the education technology sector.
The acquisition of Instructure by KKR is a strategic move to expand its portfolio in the education technology sector. This could positively impact KKR's stock as it demonstrates active investment and growth strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 50