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Momentive Global (NASDAQ: MNTV) has filed an investor presentation with the SEC, emphasizing the strategic benefits of its proposed merger with Zendesk (NYSE: ZEN). The Board of Directors encourages stockholders to vote 'FOR' the transaction at the Special Meeting set for February 25, 2022. This merger is projected to enhance revenue growth, profitability, and market opportunities, with expectations of a combined revenue of $4.6 billion by 2025. Momentive stockholders would hold approximately 22% of the new entity, with a 30% premium on exchange ratios, indicating strong value creation.
On February 1, 2022, JANA Partners LLC criticized Zendesk's acquisition of Momentive (formerly SurveyMonkey), labeling it as fundamentally flawed. JANA presented its views to proxy advisory firms, urging stakeholders to reconsider the deal’s viability and strategic importance. The acquisition faces scrutiny over its potential negative impacts on Zendesk's financial performance and long-term growth. Analysts can review the full presentation detailing JANA's arguments and insights on their website.
Momentive Global (NASDAQ: MNTV) has urged stockholders to vote "FOR" all proposals related to its upcoming transaction with Zendesk (NYSE: ZEN). The Board believes this merger will enhance stockholder value by creating a robust customer intelligence platform. The combination is projected to yield revenue synergies of approximately $275 million by 2025 and generate a total revenue of $4.6 billion by that year, with a compounded annual growth rate (CAGR) of 27%. Momentive aims to leverage Zendesk’s extensive customer base and international reach to drive growth.
Momentive Global (NASDAQ: MNTV) announced a definitive proxy statement for a special stockholder meeting on February 25, 2022, to approve a merger with Zendesk (NYSE: ZEN). The Board recommends stockholders vote 'FOR' the transaction, citing a 30% premium and future revenue synergies of up to $275 million by 2025. Momentive will announce Q4 and FY 2021 results on February 10 but will not hold a conference call due to the pending merger.
JANA Partners LLC has formally expressed strong opposition to Zendesk's planned acquisition of Momentive (formerly SurveyMonkey). In a letter to the Zendesk Board of Directors dated January 3, 2022, JANA emphasized shareholder concerns and called for an immediate termination of the transaction, describing it as potentially damaging to shareholder value. The letter outlines reasons for their stance and highlights the necessity for the Board to reconsider the deal.
Momentive (NASDAQ: MNTV), a leader in agile experience management, announced that Avenue Securities has selected GetFeedback for its customer experience program. Avenue Securities, focused on connecting Brazilian retail investors with U.S. opportunities, aims to enhance customer insights through GetFeedback's integration with Salesforce and user-friendly dashboard features. This partnership will enable Avenue to better understand client sentiment and improve customer experiences. GetFeedback is recognized for delivering quick implementation and high response rates, making it a valuable tool within the Salesforce ecosystem.
Legion Partners Asset Management has publicly opposed the proposed merger between Momentive Global Inc. (MNTV) and Zendesk (ZEN). They criticize the Momentive Board's rejection of a
JANA Partners LLC has urged Zendesk's Board of Directors to halt the acquisition of Momentive (formerly SurveyMonkey). This letter reflects JANA's concerns regarding the strategic fit and financial implications of the deal. The demand comes as the proposed acquisition raises questions about potential impacts on shareholder value and company direction. JANA's communication highlights growing shareholder discontent over the acquisition strategy, emphasizing the need for immediate reconsideration.
Momentive announces that Equancy, a Paris-based consulting firm, has selected GetFeedback as its customer experience solution during a period of rapid digital transformation. This partnership will enable Equancy to gain a comprehensive view of customer satisfaction, helping companies adapt to changing preferences. With GetFeedback's swift deployment, Equancy aims to proactively capture insights, enhancing their advisory services for large organizations. Other notable agencies, including Accenture, are also utilizing GetFeedback to improve customer engagement and experience.
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