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Kendall Law Group Investigates Syniverse Technologies Acquisition for Shareholders

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^{Published in Science and Technology on Thursday, October 28th 2010 at 8:36 GMT by Market Wire}  

DALLAS--([ 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 firma™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 Syniversea™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.