PR Newswire | Feb 11, 2021 05:15PM EST

02/11 16:15 CST

SHAREHOLDER ALERT: WeissLaw LLP Investigates Synacor Inc. NEW YORK, Feb. 11, 2021

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Synacor Inc. ("Synacor" or the "Company") (NASDAQ: SYNC) in connection with the proposed acquisition of the Company by Centre Lane Partners, LLC., a private equity investment firm focused on the equity and debt of middle market companies. The transaction is structured as an all-cash tender offer pursuant to which, Synacor shareholders will receive $2.20 in cash for each share of Synacor common stock that they hold. The all-cash transaction values Synacor at approximately $92 million.

If you own Synacor shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/SYNC/

Or please contact:Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16th FloorNew York, NY 10036(212) 682-3025(888) 593-4771stockinfo@weisslawllp.com

WeissLaw LLP is investigating whether Synacor's board acted in the best interest of Synacor's public shareholders in agreeing to the proposed transaction, whether the $2.20 merger consideration represents full and fair value for Synacor shares, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of coSYNCorate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important coSYNCorate governance relief in many of these cases. If you have information or would like legal advice concerning possible coSYNCorate wrongdoing (including insider trading, waste of coSYNCorate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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SOURCE WeissLaw LLP