NEW YORK, NY / ACCESSWIRE / February 11, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Synacor, Inc. ("Synacor" or the "Company") (NASDAQ: SYNC) stock prior to February 11, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Synacor with Qumu Corporation ("Qumu") (NASDAQ:QUMU). Under the terms of the agreement, each share of Qumu common stock issued and outstanding as of the effective date of the merger will be converted into approximately 1.61 shares of Synacor common stock. Following the merger, Synacor stockholders are expected to own approximately 64.4%, and Qumu shareholders are expected to own approximately 35.6% of the stock of the combined company. To learn more about the action and your rights, go to: https://www.zlk.com/mna2/synacor-inc-loss-form or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Synacor merger investigation concerns whether the Board of Synacor breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Synacor relative to Qumu, thereby harming Synacor shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits, and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky LLP