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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Sy

  //science-technology.news-articles.net/content/2 .. eaches-of-fiduciary-duty-by-the-board-of-sy.html
  Published in Science and Technology on Thursday, October 28th 2010 at 9:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Syniverse Holdings, Inc. (aSyniversea or the aCompanya) (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 (aCarlylea). Under the terms of the transaction, Syniverse shareholders will receive $31.00 in cash for each Syniverse common share for a total transaction value of approximately $2.6 billion. The Syniverse board of directors unanimously approved the transaction. The transaction has fully committed financing, consisting of equity provided by Carlyle Partners V, a $13.7 billion U.S. buyout fund, and debt provided by Barclays Capital and Credit Suisse.

Click here to learn how to join the action: [ http://www.zlk.com/syniverse-svr.html ], or call: 877-363-5972.

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, thus unlawfully harming Syniverse stockholders.

If you own common stock in Syniverse and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/syniverse-svr.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]