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Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Syniverse Holdings, Inc. (

^{Published on 2010-10-28 08:51:03 - Market Wire}
 

BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Syniverse Holdings, Inc. ("Syniverse" or the "Company") (NYSE: SVR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to The Carlyle Group. Under the terms of the proposed transaction, Syniverse shareholders are to receive $31.00 in cash for each share they own, for a total transaction value of approximately $2.6 billion.

The investigation involves whether the Board of Directors of Syniverse breached their fiduciary duties to Syniverse stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Syniverse has disclosed all material information to shareholders about the proposed transaction. Specifically, for the past 12 months, Syniverse stock has increased approximately 37%, and just two months ago the Company announced strong second quarter results. Further, the Company expects to reach a record $600 million in revenue for 2010.

If you own stock in Syniverse and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.