Zendesk terminates deal to acquire SurveyMonkey parent

Momentive Global

25/02/2022 21:33

** Zendesk Inc's shares  ZEN.N  up 1.8% at $117.50,
SurveyMonkey parent Momentive Global Inc's shares  MNTV.O  down
2.1% at $16.05 in extended trading
    ** ZEN's shareholders reject a $4 bln takeover of MNTV, co
announces termination of merger agreement  urn:newsml:reuters.com:*:nL4N2V0459
    ** Zendesk proposed to buy Momentive in October in an
all-stock deal, which drew opposition shortly after from
investors  urn:newsml:reuters.com:*:nL4N2RO5WH
    ** Up to last close, ZEN had fallen ~3%, MNTV had fallen
~34% since the deal was announced in October

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))