BOSTON (Reuters) - Activist investor Jana Partners is increasing pressure on customer service platform Zendesk to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. By Svea Herbst-Bayliss. NEW YORK, Jan. 3, 2022 /PRNewswire/ -- JANA Partners LLC today announced that it has sent a letter to the Zendesk . Listed in the filing is "Party A" — which bid $27.25 per share in cash for the company. (ZEN), (MNTV) - Zendesk Agrees To Acquire Momentive Global ... NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Momentive Global Inc. (NASDAQ: MNTV) to Zendesk, Inc. is fair to Momentive . Zendesk moves into customer experience data with $4.13B ... However, investor skepticism over its $4 billion stock deal to takeover Momentive Global—and an ongoing investigation connected to the merger—are obscuring the company's growth prospects. Zendesk Inc.(NYSE:ZEN): Customer service software company Zendesk Inc. (ZEN) has been making efforts to expand its operations. Activist investor Legion Partners Asset Management has vowed to fight Momentive Global Inc. 's plan to sell itself to Zendesk Inc. in a deal that valued the parent company of . Activist Jana steps up push for Zendesk to drop deal for ... and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Momentive Global Inc. to Zendesk. Zendesk is hoping that its $4.13 billion acquisition of Momentive Global, which owns SurveyMonkey, will give it the power to see what users and consumers are thinking, TechCrunch reported. Momentive Global (NASDAQ: MNTV) holder Legion Partners is said to oppose Zendesk's (NYSE: ZEN) planned $4B acquisition. Momentive + Zendesk: Creating a new Customer Intelligence ... Oct 28 (Reuters) - Software services company Zendesk Inc (ZEN.N) said on Thursday it would buy Momentive Global Inc (MNTV.O), owner of the popular SurveyMonkey platform for nearly $4 billion in an. SurveyMonkey Owner Had Two Rival Suitors Before Zendesk ...Zendesk, Momentive Shares Fall on Merger Plan, Indicating ...Zendesk Shareholders Poised to Reject Value Destroying ... Zendesk agreed in late October to buy Momentive in an all-stock deal, which at the time was valued at nearly $4 billion. Activist Legion believes the . Upon closing of the transaction, Zendesk stockholders will own approximately 78% of the combined company. The deal will likely close in the first half of 2022. Zendesk Shareholders Poised to Reject Value Destroying ... Nov 30 (Reuters) - Activist investment firm Jana Partners has urged software firm Zendesk Inc (ZEN.N) to abandon a deal it recently struck to buy Momentive Global Inc (MNTV.O), the parent of . The deal values Momentive at about $28 per share and Zendesk plans to pay for the . The purchase price means a 14% premium on Momentive Global's. The filing revealed that the company received multiple offers before deciding to sell to ZenDesk. The parent of polling software company SurveyMonkey revealed it had interest from at least two other potential buyers before deciding to pursue an all . The acquisition of Momentive Global by Zendesk for $4.21 billion in an all-stock deal. Software services provider Zendesk Inc (NYSE: ZEN) agreed to acquire SurveyMonkey platform owner Momentive Global Inc (NASDAQ: MNTV) for nearly $4 billion in an all-stock deal. (Bloomberg) -- Activist investor Legion Partners Asset Management has vowed to fight Momentive Global Inc.'s plan to sell itself to Zendesk Inc. in a deal that valued the parent company of SurveyMonkey at about $4 billion when it was announced last week. Jana Partners urges Zendesk to scrap takeover deal for ... Combination expected to be growth accretive by 2023 and accelerate Zendesk's revenue plan to $3.5 billion in 2024. -1.20 -0.47%. New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Zendesk, Inc. (NYSE: ZEN) and Momentive Global Inc. is fair to Zendesk shareholders. Momentive shareholders wi. Zendesk shares plummeted 14% on Friday after the developer of customer-service software agreed to spend almost one-third of its market cap on the purchase of Momentive Global, formerly known as . New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Momentive Global Inc. (NASDAQ: MNTV) to Zendesk, Inc. is fair to Momentive shareholders. SAN FRANCISCO & SAN MATEO, Calif., October 28, 2021 -- ( BUSINESS WIRE )--Zendesk (NYSE: ZEN) and Momentive (NASDAQ: MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic . NEW YORK, October 29, 2021 - Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Momentive Global Inc. (NASDAQ: MNTV) breached their fiduciary duties or violated the federal securities laws in connection with the company's merger with Zendesk, Inc. (NYSE: ZEN). Jana said new documents show that the acquisition of Momentive appears to have been made only after . Analysts slashed their ratings and price targets on Zendesk because of the hefty dilution and the risk of spending so much on a business that's growing more . NEW YORK-(BUSINESS WIRE)-Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Momentive Global Inc. (NASDAQ: MNTV) to Zendesk, Inc. is fair to Momentive shareholders. Following Review of Deeply Troubling Strategic Review Process Described in its Joint Proxy Statement/Prospectus Alarmed . Zendesk, Momentive, their respective directors and certain of their respective executive officers are participants in the solicitation of proxies from the respective stockholders of Zendesk and Momentive in respect of the proposed . PHILADELPHIA, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Zendesk, Inc. ("Zendesk") (NYSE: ZEN) on behalf of the company's shareholders. With Momentive, Zendesk will create what businesses really need—a customer intelligence company that connects what customers say and do, with how they think and feel. Filed by Zendesk, Inc. Pursuant to Rule 425 Under the Securities Act of 1933. and deemed filed pursuant to Rule 14a-12. NEW YORK, Jan. 3, 2022 /PRNewswire/ -- JANA Partners LLC today announced that . Investors sold off shares of Zendesk Inc. and Momentive Global Inc. on Friday, signaling skepticism of the customer-service platform's plan to buy the SurveyMonkey parent company for about $4.13 . As we've discussed, Zendesk's acquisition of Momentive is subject to a number of closing conditions, including regulatory approval and the approval of the shareholders of both companies. Momentive shareholders will receive 0.225 shares of Zendesk's per share of Momentive stock, implying a value of about $28 per share. Momentive is a leader in capturing how customers think and feel. Activist investor Jana Partners is increasing pressure on customer service platform Zendesk to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. Zendesk Agrees To Acquire Momentive Global At 14% Premium. USD. Momentive shareholders will receive 0.225 shares of Zendesk stock, a ratio that represents a value of about $28 per Momentive share, according to a statement Thursday. Momentive shareholders will receive 0.225 shares of Zendesk's per share of Momentive stock, implying a value of about $28 per share. By Krystal Hu and Noor Zainab Hussain. Zendesk has agreed to acquire Momentive ( MNTV) together with its survey platform SurveyMonkey. Zendesk shares were sliding Friday after the enterprise-software company reached an agreement to acquire Momentive Global, the parent company of SurveyMonkey, for $28 a share. Corporate Updates. The terms of the transaction provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock, a ratio which represents an . (Bloomberg) --Customer service software business Zendesk Inc. has agreed to acquire SurveyMonkey parent-company Momentive Global Inc. in a $4.13 billion all-stock deal. Jana said new documents show that the acquisition of Momentive appears to have been made only after Momentive's advisors reached out […] Zendesk shares plummeted as much as 23% on Friday after the developer of customer-service software agreed to spend almost one-third of its market cap on the purchase of Momentive Global, formerly . MOMENTIVE GLOBAL. With Momentive, Zendesk will create what businesses really need—a customer intelligence company that connects what customers say and do, with how they think and feel. Shares of software-as-a-service customer support specialist Zendesk and survey software company Momentive Global (NASDAQ:MNTV) both tumbled on Friday. Under the terms of the merger, Momentive shareholders will receive 0.225 shares of Zendesk stock for each share of Momentive stock they own. Activist Jana Partners reiterated a call for Zendesk (ZEN) to abandon its planned purchase of Momentive Global (MNTV), the parent of SurveyMonkey Zendesk Reports In-Line Earnings, Announces Momentive Acquisition; Shares Crash 14.5% Richika Biyani - November 1, 2021, 8:52 AM EDT SHARE ON: Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. -Software services company Zendesk Inc said on Thursday it would buy Momentive Global Inc, owner of the popular SurveyMonkey platform for nearly $4 billion . Zendesk agreed in late October to buy Momentive in an all-stock deal, which at the time was valued at nearly $4 billion. The activist investor owns a big stake in Zendesk and is urging the customer-service platform to abandon a deal it struck to buy Momentive Global, parent of web-survey company SurveyMonkey. Zendesk, whose core offering involves customer service, now . the effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets, Zendesk's or . BOSTON (Reuters) - Activist investor Jana Partners is increasing pressure on customer service platform Zendesk to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. Zendesk (NYSE: ZEN) and Momentive (NASDAQ: MNTV) have entered into a definitive . This ratio represents an implicit value of approximately $ 28 per Momentive issued share … Shares in Zendesk Inc. plunged in after-hours trading today after it announced that it has entered a deal to acquire Momentive Global Inc. alongside delivering its third-quarter earnings report. Momentive gained 3.2% in premarket trading. zendesk to acquire momentive and its surveymonkey platform. Momentive is a leader in capturing how customers think and feel, helping companies make critical decisions quickly and confidently. Zendesk pioneered the ability to easily respond to what your customers say and do. Activist Jana Partners reiterated a call for Zendesk (ZEN) to abandon its planned purchase of Momentive Global (MNTV), the parent of SurveyMonkey However, with Zendesk's . The New York based firm, which is a top 10 shareholder in Zendesk, also criticized Zendesk's plans to issue equity with a fair value of roughly $6 billion to Momentive shareholders to consummate the deal, the letter said. Zendesk (NYSE: ZEN) and Momentive (NASDAQ: MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. (Bloomberg) -- Customer service software business Zendesk Inc. has agreed to acquire SurveyMonkey parent-company Momentive Global Inc. in a $4.13 billion all-stock deal. Beloved customer service and customer feedback brands will create powerful new Customer Intelligence company that enables businesses to build more meaningful relationships • Combination expected to be growth accretive by 2023 and accelerate Zendesk's revenue plan to $3.5 billion in 2024 Zendesk shares plummeted 14% on Friday after the developer of customer-service software agreed to spend almost one-third of its market cap on the purchase of Momentive Global, formerly known as SurveyMonkey.Momentive shares fell 8%. Momentive shareholders will be subject to the future price fluctuation of Zendesk's stock price. Combination expected to be growth accretive by 2023 and accelerate Zendesk's revenue plan to $3.5 billion in 2024. BOSTON, Jan 3 (Reuters) - Activist investor Jana Partners is increasing pressure on customer service platform Zendesk (ZEN.N) to drop plans to buy Momentive Global (MNTV.O), the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. Subject Company: Momentive Global . JANA Partners Demands Zendesk Promptly Terminate Momentive Acquisition & Instead Focus on Creating Shareholder Value. Under the terms of the merger agreement, Momentive shareholders will receive 0.225 shares of Zendesk stock for each Momentive share they hold, representing implied per-share merger consideration . Global News; Brand & Business: Zendesk to acquire Momentive and its iconic SurveyMonkey platform. Momentive shareholders will receive 0.225 shares of Zendesk stock, a ratio that represents a value of about $28 per Momentive share, according to a statement Thursday. The purchase price means a 14% premium on Momentive Global's October 27 closing price of $24.56. BOSTON (Reuters) - Activist investor Jana Partners is increasing pressure on customer service platform Zendesk to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. Alarmed that Momentive Board Rejected a $27.25 All-Cash Bid Representing a 42% Premium to Current Momentive Stock Price of $19.20, to Accept Zendesk's All-Stock Offer An activist investor on Monday promised to fight the proposed sale of SuveyMonkey owner Momentive Global Inc. to Zendesk Inc. Legion Partners Asset Managers, the Los Angeles firm that pushed for a . Zendesk fell about 15% while. A representative for Zendesk was not immediately available for comment.. USD. Zendesk is forking over $28 per share, valuing Momentive at around $4.1 billion. This works out to a price-to-sales (P/S) ratio of 10, which is not crazy in this market. October 28, 2021. In addition, given the company's poor profitability and lofty valuations . Momentive shareholders will receive 0.225 shares of Zendesk's per share of Momentive stock, implying a value of about $28 per share. Software services company Zendesk said on Thursday it would buy Momentive Global, owner of the popular SurveyMonkey platform for nearly US$4 billion in an all-stock deal. New Delhi: Zendesk (NYSE: ZEN) and Momentive (NASDAQ: MNTV) have reached a final agreement that Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. Activist Jana steps up push for Zendesk to drop deal for Momentive Global. Zendesk, Inc. (NYSE:ZEN) entered into a definitive agreement to acquire Momentive Global Inc. (NasdaqGS:MNTV) from SM Profits, LLC, JANA Partners LLC and others for $4.3 billion on October 28, 2021. Calls on Momentive Board to Terminate the Proposed Merger with Zendesk, Inc. Under the terms of the transaction, Momentive shareholders may receive 0.225 Zendesk shares for each Momentive share. NEW YORK, Jan. 3, 2022 /PRNewswire/ -- JANA Partners LLC today announced that it has sent a letter to the Zendesk (NYSE: ZEN) Board of Directors highlighting shareholder opposition, revealing new concerns regarding the proposed acquisition of Momentive (NASDAQ: MNTV-formerly SurveyMonkey), and . The New York based firm, which is a top 10 shareholder in Zendesk, also criticized Zendesk's plans to issue equity with a fair value of roughly $6 billion to Momentive shareholders to consummate the deal, the letter said. The terms of the transaction provide for Momentive shareholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock they own. Jana said new documents show that the acquisition of Momentive appears to. The two stocks fell as much as 22.7% and 16.1 . The terms of the transaction provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock, a ratio which represents an . Legion, which owns a 1. Zendesk has disclosed that, following the proposed transaction, current Momentive . +0.15 +0.71%. Zendesk agreed in late October to buy Momentive in an all-stock deal, which at the time was valued at nearly $4 billion. 21.34. When Zendesk announced it was acquiring Momentive Global Inc. (the organization behind SurveyMonkey) for $4.13 billion last week, it might have felt like a steep price to pay, but it seems that . This is below the $28 per share deal that ZenDesk had offered. Momentive ( MNTV) had interest from unidentified Party A for $27.25/share cash bid, below the $28/share deal it announced with ZenDesk, according to a filing yesterday. When Zendesk announced it was acquiring Momentive Global Inc. (the organization behind SurveyMonkey) for $4.13 billion last week, it might have felt like a steep price to pay, but it seems that companies are willing to pay a high price to understand what users and customers are thinking -- and that's what SurveyMonkey gives Zendesk. The purchase price means a 14% premium on Momentive Global's . Under the terms of the proposed transaction, shareholders of Momentive will receive only 0.225 shares of Zendesk for each share of Momentive that they own. Nov 30 (Reuters) - Activist investment firm Jana Partners has urged software firm Zendesk Inc (ZEN.N) to abandon a deal it recently struck to buy Momentive Global Inc (MNTV.O), the parent of . ZenDesk rose 7.3%. In early morning trading on November 1, 2021 , Zendesk stock was trading at $99.29 . Zendesk, Inc. (NYSE: ZEN) will acquire Momentive Global Inc. (Nasdaq: MNTV) for $4 billion in a deal announced October 28. Zendesk has announced plans to buy Momentive Global Inc, owner of the SurveyMonkey platform for nearly $4 billion, its biggest acquisition to date, but one that got a cool response from Wall Street where the stock price dropped sharply on the news. We cleared. Momentive Global: Zendesk kauft Surveymonkey für 4 Milliarden US-Dollar (Golem.de) Zendesk-Aktie für 0 Euro handeln bei finanzen.net zero (Werbung) 26.10.21. Momentive shareholders will receive 0.225 shares of Zendesk stock, a ratio that represents a value of about $28 per Momentive share, according to a statement Thursday. Momentive is a leader in capturing how customers think and feel, helping companies make critical decisions quickly and confidently. KSF is seeking to determine whether this. oct 28 (reuters) - momentive global inc <mntv.o>::zendesk to acquire momentive and its iconic surveymonkey platform.zendesk inc - terms . Zendesk (ticker: ZEN . The activist investor owns a big stake in Zendesk and is urging the customer-service platform to abandon a deal it struck to buy Momentive Global, parent of web-survey company SurveyMonkey. Pursuant to the agreement, Momentive stockholders will receive 0.255 . On October 28, 2021, Zendesk announced that it had entered into an agreement to acquire Momentive Global Inc. ("Momentive"). BOSTON (Reuters) - Activist investor Jana Partners is increasing pressure on customer service platform Zendesk (NYSE:ZEN) to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing . On October 28, 2021, Zendesk and Momentive Global (formerly SurveyMonkey) announced that they have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. Zendesk Shareholders Poised to Reject Value Destroying Momentive Acquisition. Under the terms of the agreement, Momentive stockholders will receive 0.225 shares of Zendesk stock for each . under the Securities Exchange Act of 1934. Momentive Global is currently in the process to sell itself to ZenDesk. Uncertainties related to the COVID-19 pandemic on U.S. and Global markets, Zendesk stockholders will receive.... 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