Why Instructure Shares Are Trading Higher Friday

Zinger Key Points
  • KKR and Francisco Partners are competing to buy Instructure.
  • Both companies are expected to submit binding offers next week.

Instructure Holdings, Inc. INST stock is trading higher Friday after Reuters reported that KKR and Francisco Partners are competing to acquire the company.

What To Know: Even though there is no certainty that a sale will go through, the two firms are reportedly competing to buy the education software company.

Both KKR and Francisco Partners are anticipated to submit finding offers next week. Thoma Bravo, the private equity firm with 83% stake in the company, may not agree to sell Instructure.

Reuters reported that all companies involved declined to comment on the matter.

How To Buy Instructure Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Instructure Hldgs INST's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: What the Options Market Tells Us About Arista Networks

INST Price Action: At the time of publication, Instructure stock is trading 6.23% higher at $23.90 per data from Benzinga Pro.

Image: Courtesy of Instructure, Inc.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!