PS - Pluralsight gains after proxy adviser ISS says to vote against Vista takeover

Pluralsight (PS) gained 2% after proxy adviser ISS said that holders should vote against sale to Vista Equity.ISS cites concerns around the sales process, an uncompelling valuation and limited downside risk if deal is voted down, according to traders who saw a copy of the ISS report.Recall Dec. 14, Pluralsight downgraded as Needham questions valuation of company's sale to Vista Equity Partners.Recall Dec. 13, Pluralsight agrees to $3.5B sale to private-equity firm Vista Equity Partners.

For further details see:

Pluralsight gains after proxy adviser ISS says to vote against Vista takeover