Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Dec. 4, 2:19 PM
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Slide #2. Lumine Group Inc. — Synchronoss Technologies, Inc.
Acquirer:
Lumine Group Inc.
Acquiree:
Synchronoss Technologies, Inc. (NASDAQ:SNCR)
Details:
Synchronoss Technologies, Inc. (Nasdaq: SNCR) ("Synchronoss" or the "Company"), a global leader and innovator in Personal Cloud platforms, today announced that it has entered into a definitive agreement to be acquired by Lumine Group Inc. ("Lumine Group"), a global buy-and-hold forever acquirer of communications and media software businesses, through one of its wholly-owned subsidiaries in an all-cash transaction that values the Company at an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million. Upon closing of the transaction, Synchronoss will become a privately held company.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 80th percentile
(ranked higher than approx. 80% of all stocks covered)
Analysts' Target Price: SNCR Stock Forecast Based on Zacks ABR data; via Quandl.com |
