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  "documentTitle": "Eminence Pluralsight Presentation February 2021",
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  "notes": "The slide uses a 'precedent transaction' analysis to argue that the current offer is below market norms.",
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      "text": "If Vista's offer were in line with recent relevant SaaS M&A transactions at 10.4x EV / NTM Sales on average, the implied offer price would be $29, approximately 43% higher than Vista's offer at $20.26.",
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      "text": "Source: Company Filings, Bloomberg, Estimate Estimates. 1. Adj. average excludes the transactions with the highest (Slack) and lowest (Mindbody) EV / NTM Sales multiples.",
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      "text": "Relevant M&A Transactions",
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