GP Strategies Shares Soar After Being Acquired By Learning Technologies For ~$394M

by Shivani Kumaresan, Benzinga Staff Writer

July 15, 2021 1:09 PM | 1 min read | Make a Comment

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.