Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Syniverse Technologies, Inc. in Connectio...
29 Octobre 2010 - 2:39AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Syniverse Technologies, Inc. (“Syniverse” or the “Company”)
(NYSE:SVR) related to the Company’s agreement to be acquired by The
Carlyle Group. The proposed going-private transaction is valued at
approximately $2.6 billion.
Under the terms of the definitive agreement entered into by the
parties, The Carlyle Group will acquire all of the outstanding
common shares of Syniverse for $31.00 per share in cash. Upon
completion of the acquisition, Syniverse will become a private
company, wholly owned by an affiliate of The Carlyle Group. The
Syniverse board of directors has unanimously approved the proposed
transaction. The transaction is expected to close in the first
quarter of 2011. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by the Syniverse board of directors.
If you are a shareholder of Syniverse, if you have information
or would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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