Synchronoss Technologies soars as Lumine Group announces acquisition
ReutersDec 4, 2025 5:04 PM
Shares of cloud solutions provider Synchronoss Technologies SNCR.O soar 64.7% to $8.73
Lumine Group LMN.V to buy SNCR in an all-cash deal with an equity value of about $116.4 mln, based on cash price of $9.00 per share, LMN says
Deal has an enterprise value of about $258.4 mln, and is expected to close in the first half of 2026 - LMN
Lumine Group shares up 9.3%
As of last close, SNCR was down ~45% YTD, LMN down ~35% YTD
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