Wires

Instructure board urges shareholders to vote in favor of Thoma Bravo deal

Dec 23 (Reuters) - Instructure Inc said on Monday its board had determined a deal with private equity firm Thoma Bravo was in the best interests of shareholders and urged them to vote in favor of the agreement.

This follows criticisms from Instructure's top shareholders Praesidium Investment Management and Rivulet Capital who said the U.S. educational software company failed to conduct an exhaustive search and settled on a $47.60 per share deal with Thoma Bravo too quickly. (Reporting by Ambhini Aishwarya in Bengaluru; Editing by Maju Samuel)