(Reuters) - Australian adult education provider Navitas Ltd on Thursday said its board would recommend shareholders accept a A$2.09 billion ($1.49 billion)takeover offer by a consortium comprising its founder and a private equity firm.
"Navitas directors unanimously recommend Navitas shareholders vote in favour of the scheme, in the absence of a superior proposal," the company said in a statement.
The offer, to be voted on in June, represents a 3.6 percent premium to Navitas shares' previous closing price.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Christopher Cushing)
