Pluralsight also entered into a voting agreement with some of its shareholders, under which these shareholders agreed to vote all their plural shares in favour of the transaction. Can I cancel my lease? Leases apply to any additional fee clause in the contract. However, you can purchase the equipment at any time or transfer the responsibilities to a later owner. In some cases and with Vista`s written permission, the device may also be moved elsewhere. Pluralsight has also entered into a voting agreement with some of its shareholders, in which these shareholders have agreed to vote in favour of the transaction all their plural shares, subject to certain conditions included. The pluralsight shares subject to the voting agreement represent the majority of the currently unpaid voting rights of the plural shares. The transaction is also subject to the agreement of the majority of Pluralsight shareholders who do not participate in the company`s tax debt agreement. In accordance with the agreement, unanimously approved by an independent transaction committee and unanimously approved by Pluralsight`s Board of Directors, pluralsight shareholders will receive $20.26 in cash for each common share they hold. What happens at the end of the lease? In the case of a lease or lease agreement, you have the option to purchase the equipment at the end of the contract at a predetermined nominal price that will be disclosed to you when the contract is signed. Vista is a global investment leader with assets under management of more than $73 billion as of September 30, 2020. The company invests exclusively in enterprise software, data organizations and technology-capable organizations in private equity, standing capital, credit and public equity strategies and offers an approach that prioritizes the creation of sustainable market value for the benefit of its global ecosystem, from investors, businesses, customers and employees. Vista`s investments are anchored in a large long-term capital base, experience in structuring technology-driven transactions, and proven and flexible management techniques that encourage sustainable growth. Vista believes that the transforming force of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community, and a broader path to prosperity.
For more information, see vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners and on Twitter, @Vista_Equity. Under the agreement, in partnership with its institutional co-investors, including Partners Group, Vista will pay all outstanding shares of Pluralsight`s common stock for $20.26 $US per share in a cash transaction valued at approximately $3.5 billion. The purchase price represents a premium of approximately 25% on the company`s volume-weighted average closing price for the 30 days of trading prior to today`s announcement. SILICON SLOPES, Utah, December 13, 2020 (GLOBE NEWSWIRE) — Pluralsight, Inc. (NASDAQ: PS), the technology personnel development company, announced today that it has reached a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused on enterprise software, data firms and technology companies. “We are pleased to have reached this agreement with Vista, which offers our shareholders significant current value and places Pluralsight to continue to meet and exceed our customers` expectations,” said Gary Crittenden, Pluralsight`s Independent Executive Director. “This transaction, which is the result of a robust process overseen and led by an independent transaction committee of the Board of Directors, is proof of the value created by Pluralsight and the reputation our team has built. Companies around the world rely on Pluriuralsight`s solutions to build technology capabilities, accelerate innovation development and achieve their key goals.