MNTV - Momentive gains after filing shows two other parties were interested in acquisition

Momentive Global Inc. (NASDAQ:MNTV), the parent of SurveyMonkey that is in a deal to sell itself to ZenDesk (NYSE:ZEN), rose 4.2% in premarket trading after disclosing it had interest from two other parties before it agreed to the ZenDesk sale. Momentive (MNTV) had interest from unidentified Party A for $27/share, below the $28/share deal it announced with ZenDesk, according to a filing yesterday. Unidentified Party H, described as a financial sponsor, in mid October said it might be in a position to partner with another financial sponsor for a possible transaction. The disclosure comes after a Bloomberg report last month that private equity firm Permira had made all-cash bid for Momentive (MNTV) before it agreed to a deal with Zendesk (ZEN). Permira wasn't expected to continue pursing a deal. The news also comes as Momentive (MNTV) and Zendesk (ZEN) investors and analysts have panned the deal and shares of Zendesk have sunk since the

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Momentive gains after filing shows two other parties were interested in acquisition