The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Syniverse Technologies, Inc. by The Carl...
29 Ottobre 2010 - 12:52AM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Syniverse
Technologies, Inc. ("Syniverse" or the "Company") (NYSE: SVR) in
connection with their efforts to sell Syniverse to The Carlyle
Group. If the transaction is completed, Syniverse shareholders will
receive $31.00 in cash for each Syniverse share they hold. The
transaction is expected to close in the first quarter of 2011.
Robbins Umeda LLP's investigation concerns whether Syniverse's
Board undertook a fair process to obtain fair consideration for all
shareholders of Syniverse. Specifically, our investigation concerns
whether the Company's Board breached their fiduciary duties to
Syniverse shareholders by failing to adequately shop the Company
before entering into the transaction with The Carlyle Group.
If you are a shareholder of Syniverse, plan to continue to hold
your shares, and would like more information about your rights as a
shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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