It has been reported that the provider of corporate training based on the internet, SkillSoft PLC, has agreed to actually be acquired for a whopper amount of $1.1 billion by a small group of equity firms. It is an interesting fact that the price tag was actually lesser than the trading stock of the provider in the previous month.

The investing group, which also includes Advent International Corp., Baine Capital Partners LLC and also Berkshire Partners LLC, are to pay American Depository Share of about $10.80 and also a premium of about 9.6 per cent to the closing price as on Thursday. It was also reported that in the beginning of the year the stock was a little above that level.

It is strongly believed that this transaction would actually be good for the stockholders of the firm and that the offer holds definitely attractive premiums that are relative to their trading history. It is also to be noted that the outlook of the firm for the year remains positive as they had posted unexpected results in the third quarter.