Jefferies notes that media reports late last week indicated Thoma Bravo is exploring the potential sale of it 80%-plus stake in Instructure (INST), which comes a few weeks after media reports of Bain Capital’s interest in PowerSchool (PWSC). Taken together, these reports “reiterate our confidence that software M&A rebound will continue” in the near-term, says the analyst, who has a Buy rating and $30 price target on Instructure shares.
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