Nov 20 (Reuters) - 3P Learning Ltd 3PL.AX :
* GOT CORRESPONDENCE FROM VIBURNUM FUNDS IN RELATION TO PROPOSAL FROM BLAKE ELEARNING REGARDING POTENTIAL MERGER BETWEEN BLAKE, 3PL
* VIBURNUM FUNDS VOTED AGAINST PROPOSED ACQUISITION OF 3PL BY IXL LEARNING
* BOARD WILL IMMEDIATELY REVIEW & ASSESS INDICATIVE MERGER PROPOSAL WITH IXL LEARNING INC.
* VIBURNUM FUNDS SEES TRANSFORMATIONAL COMBINATION WITH BLAKE ELEARNING AS "ALTERNATIVE PATHWAY"