PS - Akaris Global sends letter to Pluralsight questions sale process to Vista Equity Partners

Pluralsight (PS) shareholder Akaris Global sends letter to Pluralsight Board expressing concerns about proposed sale to Vista Equity Partners.Akaris Global also informed that it intends to vote against the proposed deal in its current form.As a long-term shareholder of Pluralsight stock, Akaris Global believes that the proposed transaction significantly undervalues the company.In addition, as outlined in the letter, based on current public disclosure, it is not clear to Akaris Global that the Board undertook a full and fair sales process to ensure that shareholders will receive maximum value for their investment. Accordingly, Akaris Global believes the Board must account for the sales process to assure shareholders that it was not rushed or subject to any material conflicts of interest.Previously: Pluralsight downgraded as Needham questions valuation of company's sale to Vista Equity Partners (Dec. 14)Previously: Pluralsight agrees to $3.5B sale to private-equity firm Vista Equity Partners (updated) (Dec. 13)

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Akaris Global sends letter to Pluralsight, questions sale process to Vista Equity Partners