JANA Partners Demands Zendesk Board Immediately Terminate Proposed Acquisition of Momentive

Transaction Announcement Erased $3 Billion of Zendesk Market Capitalization

Transaction Lacks Financial and Strategic Merit; Introduces Significant Execution Risk

Believes Zendesk Has Far Better Opportunities to Create Shareholder Value

JANA Partners to Vote Zendesk Shares Against Acquisition

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Nov 30, 2021, 15:47 ET

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: [email protected]

SOURCE JANA Partners LLC