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Aug 14 (Reuters) - 3P Learning Ltd (3PL) : ENTERS SCHEME...

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    14/08/20
    11:55
    Post #: 46541219

    Aug 14 (Reuters) - 3P Learning Ltd (3PL) :

    • ENTERS SCHEME IMPLEMENTATION DEAL WITH IXL LEARNING & IXL AUSTRALIA
    • UNDER DEAL, EACH 3PL SHAREHOLDER WILL RECEIVE $1.35 CASH FOR EVERY 3PL SHARE HELD
    • BOARD UNANIMOUSLY RECOMMEND THAT 3PL SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • UNDER DEAL, IXL AUSTRALIA TO ACQUIRE 100% OF SHARE CAPITAL OF 3PL BY WAY OF A COURT-APPROVED SCHEME OF ARRANGEMENT IN ALL-CASH OFFER
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