Ademi Firm Investigates Synchronoss for $9 Per Share Deal with Lumine Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Should l Buy SNCR?
Source: PRnewswire
- Transaction Investigation: The Ademi Firm is investigating Synchronoss for potential breaches of fiduciary duty related to its transaction with Lumine Group, where shareholders are set to receive $9 per share, indicating a total enterprise value of approximately $258.4 million, highlighting potential risks and misconduct in the deal.
- Shareholder Rights Concerns: The transaction agreement imposes significant penalties on Synchronoss for accepting competing bids, which may harm shareholder interests and reflects potential failures of the board in fulfilling their fiduciary duties to all shareholders.
- Insider Benefits Issue: Synchronoss insiders are set to receive substantial benefits as part of the change of control arrangements, raising questions about the transparency and fairness of board decisions, which could undermine investor confidence in corporate governance.
- Potential Legal Action: The Ademi Firm specializes in shareholder litigation involving buyouts and mergers, indicating that this transaction may lead to legal challenges, further impacting Synchronoss's market performance and shareholder trust.
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Analyst Views on SNCR
Wall Street analysts forecast SNCR stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 9.000
Low
9.00
Averages
9.00
High
9.00
Current: 9.000
Low
9.00
Averages
9.00
High
9.00
About SNCR
Synchronoss Technologies Inc. is a global provider of personal cloud solutions, empowers service providers to establish secure connections with their subscribers. The Company’s white-label cloud software and services enable its customers to keep subscribers, systems, networks, and content in sync. Its software-as-a-service (SaaS) cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. The Company’s Synchronoss Personal Cloud platform is a secure and highly scalable white label platform that allows its customers’ subscribers to back up and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, and desktops across all operating systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Acquisition Completed: Synchronoss Technologies, Inc. has been acquired by Lumine Group in an all-cash transaction valued at approximately $116.4 million, with an enterprise value of about $258.4 million, marking a significant strategic shift for the company.
- Stock Trading Halted: Following the acquisition, Synchronoss's common stock will cease trading and will no longer be listed on the Nasdaq, indicating a complete integration into Lumine Group's business framework, which may affect its market visibility.
- Shareholder Approval: The transaction was approved by Synchronoss shareholders during a Special Meeting on February 12, 2026, reflecting shareholder confidence and support for the company's future direction.
- Advisory Team: TD Cowen served as the exclusive financial advisor for the transaction, while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP provided legal advisory services to Synchronoss, ensuring compliance and smooth execution of the deal.
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- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
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- Legal Consultation Services: KSF offers no-obligation legal consultation services, encouraging shareholders to reach out regarding potential undervaluation of the transaction to ensure they are fully informed of their rights.
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- Stock Trading Halted: Following the acquisition, Synchronoss's common stock will cease trading and will no longer be listed on the Nasdaq, indicating a complete integration into Lumine Group's business framework, which may affect its market visibility.
- Shareholder Approval: The transaction was approved by Synchronoss shareholders during a Special Meeting on February 12, 2026, reflecting shareholder confidence and support for the company's future direction.
- Advisory Team: TD Cowen served as the exclusive financial advisor for the transaction, while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP provided legal advisory services to Synchronoss, ensuring compliance and smooth execution of the deal.
See More
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See More
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- Dan Ives' Busy Schedule: Dan Ives is currently managing a demanding workload, indicating his active involvement in the financial sector.
- Market Insights: He is likely providing insights and analysis on market trends, reflecting his expertise and influence in the industry.
See More
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- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
See More
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- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and his law firm are investigating the proposed sale of Synchronoss Technologies to Lumine Group, with a transaction price of $9 per share, which may undervalue the company.
- Shareholder Rights Concern: KSF is assessing the adequacy of the transaction process to ensure shareholders receive fair terms, thereby protecting their legal rights in the sale.
- Legal Consultation Services: KSF offers no-obligation legal consultation services, encouraging shareholders to reach out regarding potential undervaluation of the transaction to ensure they are fully informed of their rights.
- Market Reaction Expectations: The investigation into the transaction could impact market confidence in Synchronoss, especially amid shareholder concerns over the sale price, potentially leading to stock price volatility.
See More
Halper Sadeh Investigates Synchronoss and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Synchronoss Technologies, Inc. (NASDAQ: SNCR) for potential fiduciary duty breaches related to its sale to Lumine Group Inc. at $9.00 per share, which may impact shareholder rights.
- Legal Rights: The firm is also examining Forge Global Holdings, Inc. (NYSE: FRGE) for its sale to Charles Schwab Corporation at $45.00 per share in cash, potentially affecting shareholders' legal rights and options.
- Merger Impact: The merger of Sonida Senior Living, Inc. (NYSE: SNDA) with CNL Healthcare Properties, Inc. will result in existing shareholders owning between 39.5% and 50.0% of the new company's diluted common equity, which could affect shareholder control.
- Shareholder Protection: OceanFirst Financial Corp. (NASDAQ: OCFC) is merging with Flushing Financial Corp., with OceanFirst shareholders expected to own approximately 58% of the combined entity, and Halper Sadeh LLC may seek increased compensation and disclosures for shareholders.
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