Synchronoss Technologies to be Sold to Lumine Group for $9 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: PRnewswire
- 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.
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Analyst Views on SNCR
Wall Street analysts forecast SNCR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNCR is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 8.730
Low
9.00
Averages
9.00
High
9.00
Current: 8.730
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.
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.
Continue Reading
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.
Continue Reading