IN BRIEF: Learning Technologies extends private equity bid deadline

(Alliance News) - Learning Technologies Group PLC - London-based digital learning and talent management company - Extends the deadline for US private equity firm General Atlantic Service Company LP to announce a firm intention to make an offer or withdraw its bid. The new PUSU deadline is December 6, pushed back from November 22. Learning Technologies says discussions with GASC are advanced, and due diligence has been completed, but negotiations over transaction terms remain ongoing.

General Atlantic had previously proposed a cash offer valuing Learning Technologies at GBP792.2 million, or 100 pence per share. Learning Technologies' board indicated it would support the bid if formalized but noted there is no certainty an offer will be made.

Current stock price: 92.90 pence

12-month change: up 19%

By Eva Castanedo, Alliance News reporter

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