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(ZEN), (MNTV) – Zendesk Agrees To Acquire Momentive Global At 14% Premium


Zendesk Agrees To Acquire Momentive Global At 14% Premium

  • Software program providers supplier Zendesk Inc (NYSE: ZEN) agreed to purchase SurveyMonkey platform proprietor Momentive World Inc (NASDAQ: MNTV) for practically $4 billion in an all-stock deal.
  • Momentive shareholders will obtain 0.225 shares of Zendesk’s per share of Momentive inventory, implying a price of about $28 per share. The acquisition value means a 14% premium on Momentive World’s October 27 closing value of $24.56.
  • The deal will possible shut within the first half of 2022.
  • Zendesk reported its third-quarter FY21 income on October 28, which grew 32% year-on-year to $347 million.
  • Zendesk sees the deal to drive its income plan to $3.5 billion in 2024, one yr forward of its earlier goal.
  • Zendesk held $953.8 million in money and equivalents as of September 30.
  • Worth Motion: ZEN shares traded decrease by 18.9% at $96.47 in premarket on the final test Friday.

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