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The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Synivers

^{Published on 2010-10-29 10:16:03 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg 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 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.