Sept 27 (Reuters) - London-based Learning Technologies
Group (LTG) said on Friday U.S. private equity firm
General Atlantic had approached the corporate education group
regarding a possible cash takeover offer of 792 million pounds
($1.06 billion).
LTG, which provides corporate training tools such as mobile
apps and training videos, said its board was inclined to
recommend the proposed offer of 100 pence per LTG share if
General Atlantic makes a firm offer on those financial terms.
It has also provided the private equity firm access to
confirmatory due diligence.
The proposal follows earlier approaches from General
Atlantic to the board of LTG, the company said.
The group, which operates in more than 30 countries across
North and South America, Europe, the Asia-Pacific, the Middle
East and Africa, was also approached by bargain-hunting buyout
funds, it said last year.
General Atlantic did not immediately respond to a Reuters
request for comment.
($1 = 0.7463 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Shreya Biswas
and Devika Syamnath)