The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Synive...
29 Octobre 2010 - 7:09PM
Business Wire
The Law Office of Abe Shainberg 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
sell the Company to The Carlyle Group (“Carlyle”). Under the terms
of the transaction, Syniverse shareholders will receive $31.00 in
cash per share for a total transaction value of approximately $2.6
billion.
The investigation concerns whether the Syniverse Board of
Directors breached their fiduciary duties to Syniverse stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Carlyle is underpaying for Syniverse
shares.
If you own common stock in Syniverse and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/syniverse-svr.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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