Offer for e-learning firm likely to succeed

THE duo behind the attempted management buyout (MBO) at Irish e-learning company, Thirdforce, have increased their proposed offer after having their last one rejected in April.

Pat McDonagh and Brendan O’Sullivan – Thirdforce’s chairman and chief executive, respectively – initially made an offer of 8c per share for the company, via their LearnVantage vehicle.

Yesterday, they revised their offer to a three-pronged bid; which seems likely to succeed.