Skillsoft Go-Shop Goes Nowhere
E-learning software maker SkillSoft Plc (SKIL.O) said the $1.1 billion offer made by a group of private-equity firms was the only option left at the end of its go-shop period, disappointing investors who were expecting better. The news sent the American depositary shares of the company down more than 5 percent on heavy volumes on Thursday. The cash offer of $10.80 per share was made last month by SSI Investments III Ltd, a company formed by funds owned by Berkshire Partners, Advent International and Bain Capital.
12 March 2010•2 mins read
