Shares of Zendesk Inc.
Rose more than 4% in the extended meeting on Tuesday after the Wall Street Journal, quoting people familiar with the matter, said the software company was in contact with active investor Jana Partners LLC. Zendesk and Jana “discuss a ceasefire” that could involve CEO Michal Swan’s resignation, in addition to board changes, including the removal of CEO Carl Bass, the newspaper reported. Zendesk announced earlier this month that it would continue as an independent public company after receiving takeover bids. “Inoperable” while looking for a potential sale. The stock ended the normal trading day with a 5% drop.