Lumine Group Completes Acquisition of Synchronoss for Approximately $258.4 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy SNCR?
Synchronoss Technologies (SNCR) announced the completion of its acquisition by Lumine Group (LMGIF), through one of its wholly-owned subsidiaries in an all-cash transaction that values the Company at an implied equity value of approximately $116.4less than and an enterprise value of approximately $258.4M. With the completion of the acquisition, Synchronoss's common stock will cease trading and the Company will no longer be listed on the Nasdaq Stock Market. Synchronoss stockholders voted to approve the transaction at the Company's Special Meeting of Stockholders on February 12, 2026.
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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.
Synchronoss Technologies Acquired by Lumine Group for $116.4 Million
- 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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LUMINE GROUP FINALIZES PURCHASE OF SYNCHRONOSS TECHNOLOGIES
Acquisition Announcement: LUMINE GROUP has completed the acquisition of SYNCHRONOS TECHNOLOGIES, enhancing its technological capabilities.
Strategic Goals: The acquisition aims to strengthen LUMINE GROUP's position in the market and expand its service offerings through advanced technology solutions.
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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.
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Synchronoss Technologies to be Sold to Lumine Group for $9 per Share
- 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.
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Synchronoss Technologies Acquired by Lumine Group for $116.4 Million
- 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.
See More
LUMINE GROUP FINALIZES PURCHASE OF SYNCHRONOSS TECHNOLOGIES
Acquisition Announcement: LUMINE GROUP has completed the acquisition of SYNCHRONOS TECHNOLOGIES, enhancing its technological capabilities.
Strategic Goals: The acquisition aims to strengthen LUMINE GROUP's position in the market and expand its service offerings through advanced technology solutions.
See More
Dan Ives: Wall Street's Top Performer – Is He Worth Your Trust?
- 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
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- 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
Synchronoss Technologies to be Sold to Lumine Group for $9 per Share
- 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.
See More
