Kaskela Law LLC Announces Investigation of Instructure, Inc. (INST) on Behalf of Shareholders

PHILADELPHIA, PA / ACCESSWIRE / December 19, 2019 / Kaskela Law LLC is investigating Instructure, Inc. (NYSE:INST) on behalf of the company's shareholders.

On November 14, 2019, Instructure announced that it had "commenced a process to explore strategic alternatives in order to maximize shareholder value."

Less than three weeks later, on December 4, 2019, Instructure announced that had agreed to be acquired by private equity investment firm Thoma Bravo, LLC. According to the announcement, investors will receive $47.60 per share in cash for their shares of Instructure common stock – approximately 10% lower than the closing price of the shares on December 3, 2019.

Subsequently, one of the company's largest stockholders announced that it would be voting against the announced transaction, and that it was "concerned about [Instructure's] governance, potential conflicts of interest, and the circumstances surrounding the announced transaction."

Most recently, on December 18, 2019, a second large stockholder announced its intention to vote against the proposed transaction, and also voiced "its concerns with the sale process and conflicts of interest involving key members of the board and management team," and its concern "that the board and management may not have acted in the best interest of shareholders."

Kaskela Law's investigation seeks to determine whether Instructure's officers and/or directors violated the securities laws or breached their fiduciary duties to the company's stockholders in connection with the announced transaction to sell the company to Thoma Bravo.

Instructure shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or via email at skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/instructure-inc/.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

SOURCE: Kaskela Law LLC

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