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
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
Author Information
As a detail-oriented researcher, Sherril is expert at discovering, gathering and compiling industry and market data to create clear, actionable market and competitive intelligence. With deep experience in market analysis and segmentation she is a consummate collaborator with strong communication skills adept at supporting and forming relationships with cross-functional teams in all levels of organizations.
She brings more than 20 years of experience in technology research and marketing; prior to her current role, she was a Research Analyst at Omdia, authoring market and ecosystem reports on Artificial Intelligence, Robotics, and User Interface technologies. Sherril was previously Manager of Market Research at Intrado Life and Safety, providing competitive analysis and intelligence, business development support, and analyst relations.
Sherril holds a Master of Business Administration in Marketing from University of Colorado, Boulder and a Bachelor of Arts in Psychology from Rutgers University.
