PS - Vista's increased bid for Pluralsight likely to get deal done analyst says

Vista Equity's increased $22.50/share offer for Pluralsight (PS) is likely to get the deal done after some holders pushed back at original bid, according to Needham.Vista's new bid is in the form of a tender offer instead of a shareholder vote and Needham expects the switch will make holders more likely to tender than during a typical holder vote, according to Needham analyst Scott Berg.Expects that arbitrage firms currently holding Pluralsight stock will likely tender their shares.Separately, Truist analyst Terry Tillman wasn't so sure the revised bid would do the trick."We believe the increased value reflects Vista's desire to secure this asset and build on top it going forward," Tillman wrote.  "Whether the deal is completed at the revised higher terms remains to be seen."Pluralsight was forced to adjourn the holder voter on its original deal last week after proxy firms ISS and Glass Lewis came out against the transaction and

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Vista's increased bid for Pluralsight likely to get deal done, analyst says