Benzinga | Feb 8, 2021 04:16PM EST

Pluralsight ~5% Shareholder, Eminence Capital, Discloses Investor Presentation On 'Grossly Inadequate Offer Resulting From Highly Manipulated Pluralsight Sales Process'

Eminence Capital, LP ("Eminence"), the beneficial owner of approximately 6 million shares of Class A Common Stock of Pluralsight, Inc. ("Pluralsight" or the "Company") (NYSE:PS), representing approximately 4.85% of the Company's outstanding shares, today released a detailed presentation to Pluralsight shareholders. The presentation highlights what Eminence believes is a grossly inadequate offer from Vista Equity Partners ("Vista") to acquire Pluralsight resulting from a highly manipulated sales process.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210208005848/en/

The presentation is available at: https://www.businesswire.com/news/home/52375595/en.

Ricky Sandler, Chief Executive Officer and Chief Investment Officer, said, "We believe Pluralsight's rushed, highly manipulated and conflicted sales process resulted in the Company accepting an offer that fails to compensate shareholders for current performance or future value. The Board's acceptance of a virtually no premium offer deprives shareholders of the value that will be created by the Company as it disrupts the enterprise education system over the coming years. It is deeply troubling and an affront to all current shareholders. We strongly urge shareholders to resoundingly reject the transaction."

Eminence encourages all Pluralsight shareholders to "VOTE NO" by voting proxies for the Special Meeting scheduled for March 2 "AGAINST" the Vista transaction.