INST Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Instructure Holdings to KKR

Group 1 - The law firm Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Instructure Holdings, Inc. (NYSE: INST) to KKR for $23.60 per share in cash, which is significantly below the price targets set by Wall Street analysts [1][4] - Price targets for INST set by various analysts include $32.00 by Ryan MacDonald at Needham, $30.00 by Brent Thill at Jefferies and Steve Enders at Citi, $29.00 by Joseph Vruwink at Robert W. Baird, and $28.00 by Josh Baer at Morgan Stanley [3][4] - Thoma Bravo, which owned 83.6% of INST's outstanding shares as of April 4, 2024, is expected to approve the transaction by written consent, eliminating the need for further action from other INST stockholders [6]