PR Newswire | Nov 30, 2021 03:47PM EST

of Momentive

11/30 14:47 CST

JANA Partners Demands Zendesk Board Immediately Terminate Proposed Acquisition of MomentiveTransaction Announcement Erased $3 Billion of Zendesk Market CapitalizationTransaction Lacks Financial and Strategic Merit; Introduces Significant Execution RiskBelieves Zendesk Has Far Better Opportunities to Create Shareholder ValueJANA Partners to Vote Zendesk Shares Against Acquisition NEW YORK, Nov. 30, 2021

NEW YORK, Nov. 30, 2021 /PRNewswire/ -- JANA Partners LLC today announced that it has sent a letter to the Zendesk (NYSE: ZEN) Board of Directors calling on them to immediately terminate the proposed acquisition of Momentive (NASDAQ: MNTV-formerly SurveyMonkey).

The full text of JANA Partners LLC's letter is available for viewing at the following link:

https://www.janapartners.com/zendesk

Contact:IR@janapartners.com

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SOURCE JANA Partners LLC