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According to Bloomberg, Activist investor Legion Partners Pushes Momentive (MNTV) to Sell Itself

  • October 18, 2021


StockMomentive Global Inc.SymbolMNTV
Date Announced10/06/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 10/28/2021Price at Confirmation: $22.92
Potential Profit: 11.21%Annualized Profit: 185.95%

Activist investor Legion Partners Asset Management is calling for a strategic review including a potential sale of Momentive Global Inc., (MNTV) the parent of online polling software firm SurveyMonkey.


October 28, 2021: Zendesk (ZEN) and Momentive (MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform.

November 30, 2021: JANA Partners LLC announced that it has sent a letter to the Zendesk (ZEN) Board of Directors calling on them to immediately terminate the proposed acquisition of Momentive (MNTV).

December 7, 2021: Legion Partners Comments on Momentive Global Inc.’s (MNTV) Strategic Review Process Calls on Momentive Board to Terminate the Proposed Merger with Zendesk, Inc. (ZEN) Following Review of Deeply Troubling Strategic Review Process Described in its Joint Proxy Statement/Prospectus

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