Kendall Law Group Investigates Syniverse Technologies Acquisition for Shareholders
October 28 2010 - 11:23AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Syniverse Technologies (NYSE: SVR) for shareholders
in connection with the proposed acquisition by The Carlyle Group.
The national securities firm’s investigation seeks to determine
whether Syniverse and its Board breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a
Syniverse shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at skendall@kendalllawgroup.com.
On October 28, 2010, the companies announced the definitive
merger agreement under which Syniverse would be taken private by
The Carlyle Group, in a transaction valued at approximately $2.6
billion. Under the terms of the agreement, Syniverse stockholders
will receive $31.00 in cash for each share of Syniverse/SVR common
stock held, which represents an approximately 30% premium over
Syniverse’s October 27, 2010 closing price. The firm believes the
transaction may be undervaluing the company.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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