Synchronoss to be acquired by Lumine Group for $9.00 per share in cash

Synchronoss Technologies (SNCR) entered into a definitive agreement to be acquired 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 $116.4M and an enterprise value of approximately $258.4M. Upon closing of the transaction, Synchronoss will become a privately held company. Under the terms of the agreement, the Company’s shareholders will receive $9.00 per share, subject to adjustment, in cash for each share of common stock they own. The purchase price represents a premium of approximately 70% over the closing price of the Company’s shares as of December 3, 2025, the last full trading day prior to the transaction announcement. The Board of Directors of the Company unanimously approved the transaction, which is expected to close in the first half of 2026, subject to approval by the Company’s shareholders and the satisfaction of regulatory approvals and customary closing conditions. Under the terms of the definitive agreement, the $9.00 per share purchase price will be reduced by a proportionate amount of certain Company transaction expenses, if any, in excess of a certain threshold. The holders of approximately 21% of the Company’s outstanding shares of common stock have agreed to vote all of the shares of Synchronoss common stock owned by them in favor of the transaction. Upon completion of the transaction, the Company’s common stock will no longer be listed on the Nasdaq Stock Market. The Company is expected to remain headquartered in Bridgewater, New Jersey.