- Zendesk ( NYSE: ZEN ) rose 1.1% and reversed an unexplained decline on Tuesday after a filing suggested a closing of its sale to Permira and Hellman & Friedman may be coming.
- A form-4 filing after the close on Tuesday indicated that Zendesk ( ZEN ) accelerated restricted stock units (RSUs) originally scheduled to vest on Nov. 15 to Nov. 4 in order to facilitate the settlement of taxes due upon vesting of such RSUs, "in advance of the closing" of the its sale.
- Zendesk ( ZEN ) separately disclosed in an 8-K filing Tuesday that it approved a plan to eliminate about 300 positions, or ~4.9% of its total global workforce, in a push to cut costs.
- Zendesk is awaiting national security or CFIUS approval for its deal to be sold to the private equity firms. Zendesk ( ZEN ) holders voted to approve the deal in September. The transaction is expected to close in Q4.
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Zendesk gains as form-4 filing suggests sale to PE firms may be nearing completion