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Transaction with Consortium Led by Hellman & Friedman and Permira Expected to Close in the Fourth Quarter of 2022
Zendesk, Inc. (NYSE:ZEN) ("Zendesk") announced that its stockholders voted today to adopt the Agreement and Plan of Merger (the "merger agreement") whereby Zendesk will be acquired by a consortium led by Hellman & Friedman and Permira (the "Consortium") for $77.50 per share in cash.
"Today's vote by our stockholders validates our belief that this transaction will deliver immediate value to our stockholders and superior solutions to our customers," said Mikkel Svane, CEO & Founder, Zendesk. "We thank our stockholders for their support and are pleased to now shift our focus to the important next steps toward completing the transaction."
Subject to customary closing conditions, the proposed transaction is expected to close in the fourth quarter of this year. The final voting results of the Special Meeting will be set forth in a Form 8-K filed with the U.S. Securities and Exchange Commission following certification by Zendesk's inspector of election.
Posted In: ZEN
