Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Syniverse Technologies Inc. by Carlyle Group
28 Octobre 2010 - 7:45PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
Syniverse Technologies Inc. (“Syniverse”) (NYSE:SVR) and its Board
of Directors in conjunction with the proposed buyout and
acquisition of Syniverse by Carlyle Group. Under the terms of a
definitive merger agreement announced on October 28, 2010,
Syniverse shareholders will receive $31.00 in cash for each share
of Syniverse common stock they hold. The transaction, which is
expected to close in the first quarter of 2011, is valued at
approximately $2.6 billion. After the transaction is complete,
Syniverse will operate as a privately held company.
The firm’s investigation concerns whether the proposed
acquisition properly values Syniverse. Specifically, the
investigation seeks to determine whether the Syniverse Board of
Directors engaged in a fair process to obtain adequate
consideration for all of the company's shareholders, whether the
transaction undervalues the company to the detriment of its
shareholders and, if so, the extent to which the company is
undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own shares of
Syniverse and wish to obtain additional information about your
rights as a shareholder, please contact Michael T. Harrison, Esq.
at (713) 392-7465 or mharrison@levjen.com. For more information
about the firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We are
happy to discuss your particular case.
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