Learning Technologies says independent directors back takeover offer
Learning Technologies Group PLC on Wednesday said its independent directors recommend accepting the final cash offer from General Atlantic Service Co LP-managed funds.
On Tuesday, General Atlantic and Leopard UK Bidco Ltd - a new company owned by GASC APF LP funds - announced that Bidco’s offer for Learning Technologies, of 100 pence per share, is final and will not be increased.
Learning Technologies shares were trading 0.2% higher at 86.85p on Wednesday morning in London.
Earlier on Wednesday, the London-based digital learning and talent management company said its independent directors consider the cash offer’s terms to be fair and reasonable.
Consequently, the directors ‘continue to unanimously recommend that LTG shareholders vote in favour of the scheme at the court meeting and the special resolution at the general meeting’ to implement the takeover.
The court meeting and GM will commence on the morning of February 6.
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