ZEN - ZEN STOCK NEWS

Zendesk (NYSE: ZEN) has made a minority stake investment in customer experience technology firm Alliants. This strategic partnership aims to enhance personalized customer service through messaging and CRM solutions powered by Zendesk’s platform. Alliants plans to integrate its services closely with Zendesk, developing new solutions like messaging insights and a consulting practice to help clients maximize their customer experience technology investments. The collaboration is expected to benefit industries traditionally lagging in customer engagement.

Zendesk (NYSE:ZEN) announced its participation in two upcoming investor conferences. On March 8, 2022, Jason Tsai, Head of Investor Relations, will present at the JMP Technology Conference at 2:30 p.m. Eastern Time. The following day, March 9, 2022, CFO Shelagh Glaser and Tsai will present at the Morgan Stanley TMT Conference, also at 2:30 p.m. Eastern Time. Interested investors can access live webcasts of both presentations on Zendesk's investor website, with archived versions available for six months.

Zendesk, Inc. (NYSE: ZEN) announced its upcoming annual conference, Relate, set to occur on May 11-12, 2022. This year, the event will feature a hybrid format, allowing both virtual and in-person participation in select locations. The conference will focus on innovations in customer experience, emphasizing conversational messaging, digitized service operations, enhanced integrations, and supporting sales teams. Zendesk aims to foster connections among its global community of customers, partners, and employees through this event.

On February 28, 2022, JANA Partners LLC criticized Zendesk's board for receiving only 9% support at a recent shareholder meeting, marking a historic low for disclosed deal-related shareholder votes in the Russell 3000. JANA condemned the board's pursuit of the Momentive acquisition, which they assert wasted millions of shareholder dollars amidst widespread investor opposition. JANA claims the board is disengaged and out of touch with shareholder interests, calling for significant changes or a sale of the company. They plan to urge shareholders to vote for their WHITE proxy card at the upcoming annual meeting.

Zendesk has terminated its merger agreement with Milky Way Acquisition Corp. and Momentive Global Inc. due to lack of stockholder approval at a meeting held on February 25, 2022. CEO Mikkel Svane expressed respect for shareholders' perspectives and emphasized Zendesk's strong business performance, noting a 30% revenue growth in 2021, reaching $1.34 billion. The company aims for $3.4 billion in revenue by 2025, with 38% of its business now from accounts over $250,000 in annual revenue. Zendesk continues to focus on enterprise growth and enhancing customer experiences.

JANA Partners LLC stated that Zendesk shareholders are likely to reject the proposed acquisition of Momentive (MNTV), which they believe would benefit Zendesk (ZEN) shareholders significantly. The firm criticized Zendesk's board for prioritizing the acquisition despite a notable drop in stock value and shareholder dissent. JANA highlighted that the board's actions led to a decline in credibility and wasted shareholder resources, suggesting that Zendesk either needs major board changes or should consider selling itself to interested buyers.

TIG Advisors, LLC, which holds about 1.5 million shares of Zendesk (NYSE: ZEN), announced its intent to vote "AGAINST" Zendesk's proposed acquisition of Momentive Global Inc. (NASDAQ: MNTV) at the upcoming Special Meeting on February 25, 2022. The firm criticized the transaction, citing a significant negative market reaction, including an 18% stock drop on the announcement date and additional declines thereafter. They emphasize a disconnect between Zendesk's leadership and shareholder interests, urging the Board to reconsider the acquisition and consider new board nominations to align with shareholders.

Zendesk, Inc. (NYSE: ZEN) has received notice from JANA Partners LLC regarding its intent to nominate four directors for election to Zendesk's Board at the upcoming 2022 Annual Meeting of stockholders. The company emphasized its commitment to a high-caliber board, balancing experience with fresh perspectives while maintaining diversity. Zendesk plans to file a proxy statement with the SEC detailing this nomination and encouraging stockholders to review it for important information. The company remains open to shareholder input as it prepares for the election.

Zendesk, Inc. (NYSE: ZEN) has confirmed the rejection of an unsolicited acquisition proposal from private equity firms, valuing the company at $127-$132 per share. The Board deemed the offer significantly undervalued Zendesk, emphasizing its commitment to maximizing shareholder value. Instead, the Board advocates for its ongoing acquisition of Momentive, believing this strategic plan will enhance long-term value. Shareholders are urged to approve the stock issuance related to the Momentive transaction at the upcoming vote on February 25.