Transaction Announcement Erased $3 Billion of Zendesk Market Capitalization
Transaction Lacks Financial and Strategic Merit; Introduces Significant Execution Risk
Believes Zendesk Has Far Better Opportunities to Create Shareholder Value
JANA Partners to Vote Zendesk Shares Against Acquisition
PR Newswire
NEW YORK , Nov. 30, 2021 /PRNewswire/ -- JANA Partners LLC today announced that it has sent a letter to the Zendesk (NYSE: ZEN) Board of Directors calling on them to immediately terminate the proposed acquisition of Momentive (NASDAQ: MNTV-formerly SurveyMonkey).
The full text of JANA Partners LLC's letter is available for viewing at the following link:
https://www.janapartners.com/zendesk
Contact: IR@janapartners.com
SOURCE JANA Partners LLC