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home / news releases / MNTV - Survey Monkey parent Momentive jumps 14% on potential sale news

MNTV - Survey Monkey parent Momentive jumps 14% on potential sale news

Momentive Global Inc.
Bloomberg reports suggest that Momentive (NASDAQ:MNTV), the parent of online polling firm SurveyMonkey is a potential sale candidate. Legion Partner Asset Management, a Los Angeles-based investment firm owns 1.$% of the company is threating a boardroom battle. Legion mentions that there would be several private equity firms and strategic players interested, and that Momentive could fetch as much as $40 a share in sale, more than double. Legion has also called for one of its senior analysts, Sagar Gupta, to be appointed to Momentive’s board.  Read more about the company in contributor article: 'Momentive Global Has The Momentum Now' The company has a market cap of ~2.94B and has dropped about 19% on a YTD basis. Share price jumps 14% during after market hours.

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Survey Monkey parent, Momentive jumps 14% on potential sale news
Stock Information
Company Name: Momentive Global Inc.
Stock Symbol: MNTV
Market: NASDAQ
Website: surveymonkey.com
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