Shares of Synchronoss Technologies Inc. sank 15% in premarket trade Tuesday, after its largest shareholder, Siris Capital Group, disclosed that it was no longer interested in pursuing an all-cash buyout of the mobile cloud solutions company. Siris still owns about 6 million Synchronoss shares, or 13% of the shares outstanding, and said it is prepared to consider other forms of a potential transaction. Synchronoss said it remains in “active discussions” with Siris and other interested parties in a potential deal. “The Synchronoss board is committed to enhancing value for all shareholders and continues to explore a full range of strategic, operational and financial alternatives, which may include a sale of the company or other transactions,” the company said in a statement. The stock had run up 56% over the past three months through Monday, but was still down 56% year to date, while the S&P 500 has gained 12% so far this year.
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