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On February 13, Instructure shareholders were set to vote on the proposed private equity buyout deal with the firm Thoma Bravonews on February 13. But before the vote, news emerged that Instructure had failed to gather enough investor support to allow it to go through. The company postponed the shareholder vote to February 25.
Then, on February Instructure CEO Dan Goldsmith announced on February 18 that he plans to leave his role as chief executive of the company, along with his position on the board of directors. Goldsmith will remain in his post until March 6. In the meantime, senior Instructure leaders will form a joint office of the CEO as they begin a search to fill the role with the help of a hired firm.
On the same day, Thoma Bravo revised their definitive agreement with Instructure. They will begin a tender offer at some point before February 25 to buy all outstanding Instructure stock at $49.00 a share. After the tender offer is completed, Instructure plans to merge with Thoma Bravo.
This episode is also available in podcast form on iTunes, Google Play, Spotify, and Stitcher. It is also available as a video on YouTube.
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Then, on February Instructure CEO Dan Goldsmith announced on February 18 that he plans to leave his role as chief executive of the company, along with his position on the board of directors. Goldsmith will remain in his post until March 6. In the meantime, senior Instructure leaders will form a joint office of the CEO as they begin a search to fill the role with the help of a hired firm.
On the same day, Thoma Bravo revised their definitive agreement with Instructure. They will begin a tender offer at some point before February 25 to buy all outstanding Instructure stock at $49.00 a share. After the tender offer is completed, Instructure plans to merge with Thoma Bravo.
This episode is also available in podcast form on iTunes, Google Play, Spotify, and Stitcher. It is also available as a video on YouTube.
eLearningInside.com
Follow us on Twitter: twitter.com/elearninginside?lang=en
YouTube: https://www.youtube.com/channel/UCDeL-h1O9To3txtqFRMnhGA?view_as=subscriber
Email: contact@elearninginside.com
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