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Sugar sweet on Viglen

Share buyback begins...
Written by John Oates, Contributor

Share buyback begins...

Serial entrepreneur Alan Sugar is buying back shares in Learning Technology, the parent company of Viglen. Sugar already owns 69 per cent of Learning Technology, he is offering not more than 40p per share for the rest. The company will be delisted from the London Stock exchange but will keep its existing chief executive and finance boss. The offer values the company at just less than £40m.
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