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The Latest Breaking News from Jana Partners LLC

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

Benzinga · Jun 24, 2022

Here's Why Zendesk Shares Are Trading Higher Today

Here's Why Zendesk Shares Are Trading Higher Today

Zendesk, Inc (NYSE:ZEN) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports. Zendesk, with a market value of ~$7 billion, was likely to strike a settlement agreement with activist investor Jana Partners LLC days after it declined to…

Benzinga · Jun 24, 2022

Zendesk Explores Settlement Discussions With Activist Investor Jana Partners

Zendesk Explores Settlement Discussions With Activist Investor Jana Partners

Customer engagement software solutions portfolio provider Zendesk, Inc (NYSE:ZEN) is exploring settlement options with activist investor Jana Partners LLC, days after the software company failed to divest itself, the Wall Street Journal reports. The truce could call for the exit of CEO Mikkel Svane and director Carl Bass. Bass, the former CEO of Autodesk Inc (NASDAQ:ADSK),…

Benzinga · Jun 15, 2022

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