3PL) shares rocket on takeover bid // Motley Fool Australia

The 3P Learning Ltd (ASX: 3PL) share price is rocketing today, up 13.28% at the time of writing to $1.36 a share. 3PL shares closed at $1.20 yesterday, but opened at $1.38 this morning and climbed as high as $1.42, before trending lower to the current share price over the day.

But today’s moves are just another good piece of news for 3P Learning shareholders. The share price was already up 42% year to date before today’s jump and is now up 60% year to date, and up more than 100% since the lows, we saw in March. However, it’s worth noting that 3P only hit the ASX boards back in 2014, and, as of today’s share price, remains more than 40% below the company’s IPO price.

So what is this learning company? And why has the 3P…