Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

When Hellman & Friedman and Permira Signed an Agreement to Buy Zendesk, the Stock Surged 28.65 Percent.

ZEN said on Friday that it will be acquired for $77.50 per share in cash, or $10.2 billion. The price of the shares jumped about 29% to $74.52. Before the formal announcement, the stock had already gained more than 50% in the premarket trading session.

The price reflects a 34% increase over Thursday’s closing value. The value of Zendesk’s stock is estimated at around $7 billion.

The reported late Thursday that a collection of buyout companies was in discussions to acquire the supplier of cloud-based customer support software.

Activist investor Jana Partners has been in negotiations with Zendesk, according to the Journal, and a possible outcome is the company’s CEO being forced to resign. That deal’s impact on ongoing negotiations was not immediately clear, according to the Journal.

A JMP Securities analyst called Zendesk “an interesting acquisition target since it is a platform, global, multi-product, and 100 percent cloud,” before the transaction was disclosed.

After the purchase was finalized, Walravens maintained its Market Outperform rating and $193 price objective on Zendesk shares.

The post When Hellman & Friedman and Permira Signed an Agreement to Buy Zendesk, the Stock Surged 28.65 Percent. appeared first on Best Stocks.

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