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Stock impact report

Activist Shareholder Leans on Zendesk to Abandon SurveyMonkey Deal [TheStreet.com]

Zendesk, Inc. (ZEN) 
Last zendesk, inc. earnings: 4/30 04:16 pm Check Earnings Report
Company Research Source: TheStreet.com
Zendesk Inc. shareholder Jana Partners is urging the customer service company to walk away from a deal to buy Momentive Global, the parent company of SurveyMonkey. Jana Partners wants Zendesk’s board to drop the deal now instead of waiting months for a shareholder vote that it said appears likely to fail, the New York activist firm sent to the software firm's board. “We believe Zendesk is highly undervalued and has far more attractive opportunities to create shareholder value than by acquiring Momentive,"Jana stated. Jana also wrote that the Momentive deal “lacks financial merit, has questionable strategic logic, and introduces a high degree of execution risk for Zendesk shareholders.” TheStreet Recommends just now 5 minutes ago 6 minutes ago Jana said it plans to vote its shares against the issuance of Zendesk stock that would be needed to pay for the deal and could seek to replace board members. SPECIAL REPORT: Download - a set of practices that can help you survive earning Show less Read more
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