Zendesk Inc. Common Stock (NYSE: ZEN)
On June 24, 2022, Zendesk, Zoro Bidco, Inc., and Zoro Merger Sub, Inc., entered into the Agreement and Plan of Merger, whereby the Consortium would acquire Zendesk at a price of $77.50 in cash per share of Zendesk common stock owned. On November 22, 2022, the Merger was consummated. The consummation of the Merger caused Zendesk’s shares to be cashed out and delisted from the NYSE, thereby denying shareholders the ability to profit from the Company’s future growth. Plaintiffs seek to recover damages from Defendants for alleged violations of Sections 14(a) and 20(a) of the Exchange Act.