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ZEN / Zendesk stock soars after $10 billion buyout deal confirmed at a 34% premium

Shares of Zendesk Inc. ZEN, +1.29% soared 29.5% in premarket trading Friday, after the customer experience platform company confirmed a deal to be acquired by an investor group that includes Permira and Hellman & Friedman in an all-cash deal valued at about $10.2 billion. Under terms of the deal, the Permira and H&F will pay $77.50 for each Zendesk share outstanding, which represents a 33.7% premium to Thursday's closing price of $57.95. Read More

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Posted: Jun 24 2022, 08:54

Author Name: Market Watch

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