COPENHAGEN, July 14 (Reuters) - Norway's Kahoot (KAHOT.OL) has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs Asset Management and a group of other investors, the company said in a statement on Friday.
Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement.
The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share.
The planned transaction was unanimously recommended by Kahoot's board, the company said.
($1 = 9.9809 Norwegian crowns)Reporting by Louise Breusch Rasmussen, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.
Persons:
Goldman, Kahoot, Louise Breusch Rasmussen, Essi
Organizations:
Goldman Sachs Asset Management, General Atlantic, Thomson
Locations:
COPENHAGEN