Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) has confirmed an extension to the deadline for General Atlantic to announce its intentions regarding a potential offer for the company. The new 'PUSU Deadline' is set for 5pm (London time) on 6 December.
The extension gives additional time to conclude negotiations on potential definitive transaction documentation. According to the company, due diligence has been completed and negotiations are advanced but remain ongoing.
There is no certainty that such an offer will materialise.