Edition:
United States

Synchronoss Technologies Inc (SNCR.O)

SNCR.O on Nasdaq

9.20USD
22 Sep 2017
Change (% chg)

$-0.13 (-1.39%)
Prev Close
$9.33
Open
$9.25
Day's High
$9.29
Day's Low
$8.71
Volume
3,140,665
Avg. Vol
1,355,051
52-wk High
$49.94
52-wk Low
$8.71

Latest Key Developments (Source: Significant Developments)

Synchronoss Technologies says board continues to explore strategic alternatives, which may include sale of co,other transactions​
Tuesday, 19 Sep 2017 08:00am EDT 

Sept 19 (Reuters) - Synchronoss Technologies Inc :Synchronoss Technologies provides update on strategic alternatives process.Synchronoss Technologies - ‍remains in active discussions with Siris Capital Group, other interested parties regarding range of potential strategic deals.Synchronoss -board continues to explore full range of strategic, operational, financial alternatives, which may include sale of co,other transactions​.  Full Article

‍Siris Capital Group says on Sept 15, co informed Synchronoss Technologies they are no longer interested in pursuing all-cash acquisition of co​
Tuesday, 19 Sep 2017 06:36am EDT 

Sept 19 (Reuters) - Synchronoss Technologies Inc :‍Siris Capital Group - on Sept 15, Siris Capital informed Synchronoss Technologies they are no longer interested in pursuing all-cash acquisition of co​.‍siris Capital Group says are prepared to consider other forms of a potential transaction for synchronoss technologies​ - SEC Filing.  Full Article

Synchronoss Technologies enters into a first amendment and limited waiver to credit agreement
Tuesday, 25 Jul 2017 04:59pm EDT 

July 25 (Reuters) - Synchronoss Technologies Inc ::Synchronoss Technologies Inc says on July 19, 2017, company entered into a first amendment and limited waiver to credit agreement - sec filing.Synchronoss Technologies Inc - amendment reduces revolving credit commitments from $200 million to $100 million.  Full Article

Synchronoss Technologies announces review of strategic alternatives
Thursday, 6 Jul 2017 04:15pm EDT 

July 6 (Reuters) - Synchronoss Technologies Inc ::Synchronoss Technologies announces review of strategic alternatives.Synchronoss Technologies announces review of strategic alternatives.Synchronoss Technologies Inc - has retained goldman sachs & co LLC and PJT Partners Inc As its financial advisors to assist with strategic review.Synchronoss Technologies - board of directors has initiated a process to evaluate potential strategic alternatives to maximize shareholder value.Synchronoss Technologies Inc - board will consider a full range of strategic, & financial alternatives, which may include a sale or other transaction​.  Full Article

Elk Creek Partners reports 5.05 pct passive stake in Synchronoss Technologies
Monday, 26 Jun 2017 01:17pm EDT 

June 26 (Reuters) - Elk Creek Partners LLC::Elk Creek Partners LLC reports a 5.05 percent passive stake in Synchronoss Technologies Inc as of June 23, 2017 - SEC filing.  Full Article

Synchronoss Technologies confirms receipt of indication of interest from Siris Capital Group
Friday, 23 Jun 2017 10:30am EDT 

June 23 (Reuters) - Synchronoss Technologies Inc : :Synchronoss Technologies confirms receipt of indication of interest from Siris Capital Group.Synchronoss Technologies Inc- Confirmed that it has received a non-binding indication of interest from Siris Capital Group, LLC.Synchronoss Technologies Inc says ‍received indication of interest from Siris Capital to acquire all outstanding shares for $18.00/share in cash.Synchronoss Technologies- Will review and consider Siris's indication of interest and pursue course of action it believes is in "best interests" of co.  Full Article

Siris Capital believes could be in position to acquire Synchronoss Tech - SEC filing
Friday, 23 Jun 2017 06:22am EDT 

June 23 (Reuters) - Synchronoss Technologies Inc ::Siris Capital - on June 22, Siris Capital delivered letter to Synchronoss Technologies indicating it believes it could be in position to acquire co - SEC filing.Siris Capital believe could be in position to acquire Synchronoss Technologies in an all-cash acquisition at $18.00 per share of common stock.Siris Capital reports a 12.93 percent stake in Synchronoss Technologies as of June 22, 2017 - SEC filing.  Full Article

Synchronoss Technologies says previous 2017 annual guidance is withdrawn
Thursday, 22 Jun 2017 01:16pm EDT 

June 22 (Reuters) - Synchronoss Technologies Inc ::Requesting amendment to credit agreement, for additional time to deliver its Q1 2017 financial statements - SEC filing.Discontinued Locker services are expected to have minimal revenue impact to Synchronoss' business with AT&T.Says on May 8, 2017, AT&T announced that it will be discontinuing its Locker services.Previous 2017 annual guidance is withdrawn; "new guidance cannot be provided until we have completed our accounting review".  Full Article

Synchronoss Technologies commences management streamlining and realignment plan
Tuesday, 20 Jun 2017 05:41pm EDT 

June 20 (Reuters) - Synchronoss Technologies Inc -:On June 14, co commenced a management streamlining and realignment plan - sec filing.Synchronoss Technologies Inc - estimates that it will recognize a pre-tax charge of approximately $22 million to $25 million.Anticipates that majority of pre-tax charge will be recognized in q2 of 2017.Synchronoss Technologies Inc - primary components of plan involve reducing layers of management, where appropriate.Synchronoss - plan, together with management changes previously announced, expected to realize about $70 million of annualized pre-tax expense savings.Cash expenditures in connection with pre-tax charge will be substantially paid out by q3 of 2017.Synchronoss - expected savings in addition to about $20 million of annualized pre-tax expense synergies from staff reductions related to intralinks deal.  Full Article

Synchronoss Technologies to restate its financial statements for FY ended Dec 31, 2016 and 2015
Tuesday, 13 Jun 2017 05:46pm EDT 

June 13 (Reuters) - Synchronoss Technologies Inc ::Synchronoss Technologies Inc - non-reliance on previously issued financial statements or a related audit report or completed interim review.Synchronoss Technologies - on June 8, 2017, audit committee concluded co's financial statements for FY ended Dec 31, 2016 and 2015 should be restated.Synchronoss Technologies- identified material weakness in internal control over financial reporting relating to revenue recognition at Dec 31, 2016.Synchronoss -while co has not yet completed accounting review, estimates revenue impact will be no more than 10pct for each of fiscal yrs 2016 and 2015.Synchronoss Technologies Inc - in connection with impact of errors, certain related expenses recognized in relevant periods will be reversed.Synchronoss Technologies - does not expect corrections to have impact on total cash flows for FY 2015, FY 2016, to result in any customer refunds.Synchronoss Technologies Inc - co may identify additional material weaknesses in financial statements for fiscal years 2016 and 2015.  Full Article