Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Syniverse Holdings, Inc....
28 Octobre 2010 - 5:43PM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Syniverse Holdings, Inc. ("Syniverse" or the
"Company") (NYSE: SVR) for possible breaches of fiduciary duty and
other violations of state law in connection with their attempt to
complete a sale of the Company to The Carlyle Group. Under the
terms of the proposed transaction, Syniverse shareholders are to
receive $31.00 in cash for each share they own, for a total
transaction value of approximately $2.6 billion.
The investigation involves whether the Board of Directors of
Syniverse breached their fiduciary duties to Syniverse stockholders
by failing to adequately shop the Company before agreeing to enter
into the transaction and whether Syniverse has disclosed all
material information to shareholders about the proposed
transaction. Specifically, for the past 12 months, Syniverse stock
has increased approximately 37%, and just two months ago the
Company announced strong second quarter results. Further, the
Company expects to reach a record $600 million in revenue for
2010.
If you own stock in Syniverse and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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