Momentive Global Inc.
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MOMENTIVE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF MOMENTIVE GLOBAL INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MNTV
October 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Momentive Global Inc. (NASDAQ: MNTV) to Zendesk, Inc. is fair to Momentive shareholders. The terms of the transaction provide for Momentive shareholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock they own. Upon closing of the transaction, Momentive stockholders will own approximately 22% of the combined company.
The investigation concerns whether Momentive and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Momentive shareholders; (2) determine whether Zendesk is underpaying for Momentive; and (3) disclose all material information necessary for Momentive shareholders to adequately assess and value the merger consideration. On behalf of Momentive shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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