Learning Technologies (GB:LTG) has released an update.
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Learning Technologies Group plc (LTG) has disclosed a possible cash acquisition offer from General Atlantic, at 100 pence per share, with an alternative for shareholders to reinvest in the unlisted acquisition vehicle. The Board is inclined to recommend the offer, pending satisfactory due diligence and agreement on transaction terms. A firm intention to make an offer must be announced by October 25, 2024, or General Atlantic must declare its intention not to bid.
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