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Synchronoss Technologies completes tender offer to acquire Intralinks Holdings

Synchronoss Technologies Inc. has completed its tender offer to acquire all outstanding shares of Intralinks Holdings Inc. at a price of $13.00 per share in cash.

Synchronoss accepted for payment all such shares validly tendered and not withdrawn as of the expiration time of the tender offer, which represented approximately 81.8% of Intralinks' outstanding shares. All remaining shares not purchased by Synchronoss will be converted into rights to receive the cash payment upon consummation of the merger, which is expected to occur Jan. 19.

A Synchronoss unit is now expected to merge with and into Intralinks, resulting in Intralinks becoming a wholly owned subsidiary of Synchronoss.

A notice of delisting with respect to Intralinks shares is expected to be filed.