UK's Learning Technologies gains after $1.02 bln buyout by General Atlantic
04/12/2024 09:16
** Shares of Learning Technologies Group LTGL.L jump as
much as 7% to 98.5p, their highest since June 2023; stock among
top pct gainers across London
** The company, which caters to workplace digital training
and talent development market, agrees to be bought by U.S.-based
private equity firm General Atlantic in a deal worth about 802.4
mln pounds ($1.02 bln)
** The 100p per share offer represents a premium of 34% to
the closing price of 74.9p on Sept. 26, the last business day
prior to the start of the offer period
** LTGL says its independent directors intend to unanimously
recommend the deal to shareholders
** Stock currently up 6%, taking YTD gains to ~20%
($1 = 0.7893 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))