Zendesk shareholders reject Momentive takeover

Momentive Global

25/02/2022 21:09

Feb 25 (Reuters) - Zendesk Inc  ZEN.N  shareholders on
Friday rejected its $4 billion takeover of web-survey company
SurveyMonkey's parent Momentive Global Inc  MNTV.O . 
    Momentive said its merger agreement with Zendesk has
terminated.  urn:newsml:reuters.com:*:nGNX5fGzTx
    Zendesk proposed to buy Momentive in October in an all-stock
deal, which drew opposition shortly after from investors,
including activist hedge fund Jana Partners, and proxy advisory
firms Institutional Shareholder Services and Glass, Lewis & Co 
criticizing its financial merit and logic.  urn:newsml:reuters.com:*:nL1N2V006Z

 (Reporting by Nivedita Balu and Eva Mathews in Bengaluru;
Editing by Maju Samuel)
 ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;))