Status:  Clearance

Acquirer:  Learning Technologies Group (United Kingdom)

Acquired:  GP Strategies Corporation (U.S.)

Value:  $394 million

Industry Tags:  Professional Services; Engineering & Construction

roller bearing, vernier callipers , compasses, clipboardOn July 15, 2021, GP Strategies Corporation a U.S. publicly traded (NYSE: GPX) global workforce solutions provider, “announced it has entered into a definitive agreement to be acquired by Learning Technologies Group (AIM: LTG.L), a provider of services and technologies for digital learning and talent management, for $20.85 per GP Strategies share in cash, in a transaction valued at approximately $394 million.”  (Press Release, GP Strategies Corporation, Form 8-K, Ex-99.3, July 15, 2021, SEC Filing.)  CFIUS Clearance is a condition of the merger.  (See Section 7.1(c), Agreement and Plan of Merger, GP Strategies Corporation, Form 8-K, Ex-2.1, July 15, 2021, SEC Filing.)  “The parties submitted the joint voluntary notice on July 26, 2021.”  (GP Strategies Corporation, Schedule 14A, Aug. 24, 2021, SEC Filing.) “On October 7, 2021, the [GP Strategies Corporation] and LTG received CFIUS Approval.”  (GP Strategies Corporation Form 8-K, Oct. 8, 2021, SEC Filing.)

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