Five9, Inc. (FIVN): Proposed Acquisition by Zoom Video Communications, Inc. (ZM)
FEBRUARY 22, 2022
On July 18, 2021, FIVN announced that it had agreed to be acquired by ZM in an all-stock transaction. Under the terms of the agreement, FIVN shareholders will receive 0.5533 ZM shares per FIVN share. At announcement, the exchange ratio implied a consideration of $200.28 per share, which represented a 12.8 percent premium to the closing price on the prior day.