They rejected the $48.5 offer but accepted $49? $INST Yesterday: Instructure said to reject new $48.50/sh offer from Thoma Bravo, news comes after Bloomberg reported that Thoma Bravo had failed to garner enough shareholder votes to approve the transaction at the original deal price of $47.60/sh Today: Instructure and Thoma Bravo, today announced that they have entered into an amendment to their definitive merger agreement under which Thoma Bravo has increased to $49.00 per share in cash its offer to acquire all outstanding shares of Instructure. The offer, which represents a best and final offer, is an increase from the prior $47.60 per share offer.
$INST (+4.1% pre) Instructure (INST) enters amended merger plan at $49 per share - SI
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