KKR: acquires Instructure
(CercleFinance.com) - Instructure announced the closing of its acquisition by investment funds managed by KKR and Dragoneer.
The transaction was carried out on the basis of $23.60 per share in an all-cash transaction valued at an enterprise value of approximately $4.8bn.
With the completion of the transaction, Instructure's common stock has ceased trading and the company is no longer listed on the New York Stock Exchange.
Instructure has built a strong reputation as a true leader and partner to the learning community, KKR said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The transaction was carried out on the basis of $23.60 per share in an all-cash transaction valued at an enterprise value of approximately $4.8bn.
With the completion of the transaction, Instructure's common stock has ceased trading and the company is no longer listed on the New York Stock Exchange.
Instructure has built a strong reputation as a true leader and partner to the learning community, KKR said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.