Ultimately, I hope the merger will go er, but I wouldn`t be too surprised if Qumu finds a new entrant who wisely drives up the price of the merger. Does anyone else find it remarkable that the CEO didn`t mention the execution of the SYNC merger as one of the priorities in his quarterly summary of earnings calls? The companies agree by mutual agreement to terminate the proposed merger agreement on all shares. Synacor (Nasdaq: SYNC) is a cloud-based software and services company that serves global video, internet and communications providers, device manufacturers, governments, and enterprises. Synacor`s mission is to enable its customers to better communicate with their customers. Its clients use Synacor`s technology platforms and services to grow their business and develop subscriber relationships. Synacor offers managed portals, advertising solutions, messaging and collaboration platforms, and cloud-based identity management. www.synacor.com transaction comes with a slight discount on the price before the announcement ($2.44/share vs. $2.52/share), so the risk that QUMU shareholders will refuse the merger certainly exists, but the activities of the target company have shown a lackluster development in recent years and the largest shareholder (10.3%) supports the transaction. BUFFALO, N.Y.
&MINNEAPOLIS—(BUSINESS WIRE) -Synacor, Inc. (Nasdaq: SYNC), a leading provider of cloud-based collaboration and identity management software and services for global enterprises, video, internet and communications providers, and governments, and Qumu Corporation (Nasdaq: QUMU), a leading provider of tools for creating, managing, backing up, distributing, and measuring the success of live and on-demand video for enterprises, announced today that the companies have mutually agreed to: terminate the agreement on all actions previously announced on 11 February 2020. Further details on the cancellation agreement are set out in a recent report on Form 8-K, which will be submitted by Synacor and Qumu to the Securities and Exchange Commission on June 29, 2020. This is a merger between two Nano Cap SaaS companies. Video-sharing platform service provider Qumu is acquired by digital technology company Synacor in an all-stock deal – 1.61 SYNC shares for each QUMU share. Currently, the spread is 8%, while the loan is available and cheap. The companies announced on Monday the «mutual termination» of a deal initially called a «merger of equals» to help the combined company lead a serious race in the business services market. .