Today for the third time this year Zendesk saw a volume spike of ~3x avg daily volume related to takeover rumors, just like on 10 February and 19 April. It rejected an offer of $127-$132 in cash on 10 February, when the stock traded around $100, on 18 April a reported came out saying it was working with an adviser to probe buyers and today a report says at least 3 potential buyers are considering a bid and Zendesk is holding out for a bid in the $140 range. It currently trades around $96, up ~5% from session lows.
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