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Another Instructure holder voting against sale

|About: Instructure, Inc. (INST)|By:, SA News Editor

Instructure (NYSE:INST) holder Oberndorf Enterprises plans to vote against the $2B acquisition offer from PE firm Thoma Bravo.

The shareholder expresses concerns about the sale process and potential conflicts of interest involving key members of the board and management team.

OEL recommends the appointment of an independent special committee of new legal and financial advisors, which would review the sale process.

Earlier this month, Instructure investor Rivulet Capital said it wouldn't support the buyout.

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