Deals

Activist Jana Discloses Stake In Takeover Target Instructure

Key Speakers At The 2019 CERAWeek Conference — Photographer: Aaron M. Sprecher/Bloomberg

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By Scott Deveau

November 14, 2019 at 3:00 PM UTC

This article is for subscribers only.

Jana Partners has added its name to the list of activist investors that have taken a stake in takeover target Instructure Inc.

The New York hedge fund said in regulatory filing it had a 1% stake in the educational software company as of Sept. 30. The news came as Instructure on Thursday confirmed a Bloomberg News report it was exploring strategic alternatives, including possible sale of the company.