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Synchronoss Tech +19% as hedge fund reports large stake

Published 05/05/2017, 08:50 AM
© Reuters.  Synchronoss Tech +19% as hedge fund reports large stake
  • Synchronoss Technologies (NASDAQ:SNCR) +19.1% premarket after hedge fund Siris Capital discloses a 12.93% active stake and says it discussed a potential going-private deal with the company.
  • Siris says it bought 1.36M shares "mindful that they may be interested in pursuing a potential strategic transaction" involving the company.
  • Now read: InsiderInsights.com Daily Round Up 5/4/17: ADC, CLF, IFF


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