Instructure Holdings, Inc. (INST)
After hours:
| Previous Close | 23.20 |
| Open | 23.25 |
| Bid | 23.33 x 900 |
| Ask | 23.40 x 800 |
| Day's Range | 23.22 - 23.78 |
| 52 Week Range | 18.98 - 28.25 |
| Volume | |
| Avg. Volume | 516,254 |
| Market Cap | 3.412B |
| Beta (5Y Monthly) | 0.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
KKR to take edu-tech firm Instructure private for $4.8 billion
The buyout heralds a potential resurgence in private equity activity, following a period of dormancy due to elevated interest rates that had hindered debt financing for leveraged buyouts. The deal for Instructure follows a similar transaction in which Bain Capital agreed to acquire PowerSchool Holdings for $5.6 billion. KKR's offer price of $23.60 per share represents a premium of about 16% to the closing price before Reuters reported in May that Thoma Bravo was exploring a sale of Instructure.
- Bloomberg
KKR Lines Up $2 Billion Debt Package for Instructure Acquisition
(Bloomberg) -- A group led by Morgan Stanley is providing a roughly $2 billion debt package to help finance KKR & Co.’s acquisition of educational software provider Instructure Holdings Inc., according to people with knowledge of the matter.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerStocks Caught in Tug of War Between Tech and Rest: Markets WrapTrump Won’t Commit to Debate Until Harris Formally Nominated
- Reuters
KKR, Francisco Partners vying to acquire Instructure, sources say
(Reuters) -Private equity firms KKR and Francisco Partners are competing to acquire Instructure, a U.S. education software provider with a market value of $3.4 billion, people familiar with the matter said on Wednesday. The two buyout firms are through to the final round of bidding for Instructure and are preparing to submit binding offers next week, the sources said. There is no certainty that private equity firm Thoma Bravo, which holds an 83% stake in Instructure, will agree to sell it, and other bidders could emerge, the sources added, requesting anonymity because the matter is confidential.
