- GP Strategies Corp GPX, a workforce transformation solutions provider, has agreed to be acquired by London-based Learning Technologies Group LTTHF in a $394 million transaction.
- Learning Technologies will pay $20.85 per GP Strategies share in cash.
- The transaction represents a premium of 32% over the closing price on July 14, 2021.
- Upon closing of the deal, GP Strategies will become a division of Learning Technologies Group and its shares will no longer be listed on the NYSE.
- This transaction is expected to be completed during the fourth quarter of 2021.
- GP Strategies' largest shareholder Sagard Capital Partners Management supports this transaction.
- Price action: GPX shares are trading higher by 28.7% at $20.29 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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