Brief: Zendesk To Acquire Momentive And Its SurveyMonkey Platform

Momentive Global

28/10/2021 22:39

Oct 28 (Reuters) - Momentive Global Inc  MNTV.O :
    * ZENDESK TO ACQUIRE MOMENTIVE AND ITS ICONIC SURVEYMONKEY
PLATFORM
    * ZENDESK INC - TERMS OF TRANSACTION PROVIDE FOR MOMENTIVE
STOCKHOLDERS TO RECEIVE 0.225 SHARES OF ZENDESK STOCK FOR EACH
SHARE OF MOMENTIVE STOCK
    * ZENDESK INC - DEAL FOR $28 PER OUTSTANDING SHARE OF
MOMENTIVE
STOCK
    * ZENDESK INC - DEAL FOR EXPECTS COMBINATION TO BE GROWTH
ACCRETIVE IN ITS FIRST FULL OPERATING YEAR AND ACCELERATE
ZENDESK'S REVENUE PLAN TO $3.5 BILLION IN 2024
    * ZENDESK INC - DEAL FOR UPON CLOSE OF TRANSACTION,
MOMENTIVE CEO
ZANDER LURIE WILL CONTINUE TO LEAD MOMENTIVE'S STRONG MANAGEMENT
TEAM
    * ZENDESK INC - DEAL FOR WILL REINVEST SAVINGS FROM SCALE
EFFICIENCIES INTO COMPELLING GROWTH OPPORTUNITIES TO SUPPORT
COMBINATION
    * ZENDESK INC - DEAL FOR UPON CLOSING OF TRANSACTION,
ZENDESK
STOCKHOLDERS WILL OWN APPROXIMATELY 78% OF COMBINED COMPANY

Source text for Eikon:  ID:nBwrH2Sda 
Further company coverage:  MNTV.O 

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