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 | 528,803 |
| Market Cap | 3.424B |
| Beta (5Y Monthly) | 0.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.31 |
| Earnings Date | Aug 01, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 27.53 |
ReutersKKR 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.
BloombergKKR 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
PR NewswireInstructure to be Acquired by KKR for $4.8 Billion
Instructure Holdings, Inc. (NYSE: INST) ("Instructure"), a leading learning ecosystem, today announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, for $23.60 per share in an all-cash transaction valued at an enterprise value of approximately $4.8 billion. The per-share purchase price represents a premium of 16 percent over Instructure's unaffected share price of $20.27 as of May 17, 2024, the last trading da
