Synchronoss Technologies, Inc. stock price

Synchronoss Technologies, Inc. latest news:


  • 07/06/2017 14:26:51

    Synchronoss Technologies up 9% after company considers selling itself

    Shares of Synchronoss Technologies Inc. rose 9% late Thursday after the Bridgewater, N.J., company said its board of directors had started to "evaluate potential strategic alternatives to maximize shareholder value," which may include a sale, the company said in a statement. Synchronoss disclosed a non-binding indication of interest from Siris Capital Group, LLC in June to buy the company. The company has not set a timetable to complete the review process and does not plan to disclose "developments related to the process unless and until the Board approves a transaction or specific action," the company said. The stock ended the regular session down 2.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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