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PE firm Thoma Bravo to buy Instructure in $2 bln all-cash deal

Credit: REUTERS/DADO RUVIC

Education software firm Instructure Inc said on Wednesday it would be bought by private equity investment firm, Thoma Bravo in an all-cash deal of about $2 billion.

Dec 4 (Reuters) - Education software firm Instructure Inc INST.N said on Wednesday it would be bought by private equity investment firm, Thoma Bravo in an all-cash deal of about $2 billion.

Stockholders of the company will receive $47.60 in cash per share, a premium of about 42% to Instructure's closing price on Tuesday.

(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Rashmi Aich)

((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0543;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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