Syniverse/Carlyle
On October 28, 2010 Syniverse Technologies (NYSE: SVR) announced a deal to be agreed to be acquired for roughly $2.6 billion by private equity firm The Carlyle Group.
Carlyle will pay $31 per share in cash for all outstanding shares of Syniverse, representing a 35 percent premium over the average closing price of the stock for the 30-day period ended October 26.
The companies said the deal is expected to close in the first quarter of 2011.
Deutsche Bank Securities Inc. acted as exclusive financial adviser and Alston & Bird acted as legal adviser to Syniverse in this transaction. Evercore, Barclays Capital and Credit Suisse served as financial advisers, and Latham & Watkins served as legal adviser to Carlyle.
Carlyle will pay $31 per share in cash for all outstanding shares of Syniverse, representing a 35 percent premium over the average closing price of the stock for the 30-day period ended October 26.
The companies said the deal is expected to close in the first quarter of 2011.
Deutsche Bank Securities Inc. acted as exclusive financial adviser and Alston & Bird acted as legal adviser to Syniverse in this transaction. Evercore, Barclays Capital and Credit Suisse served as financial advisers, and Latham & Watkins served as legal adviser to Carlyle.
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Wedbush Downgrades Syniverse (SVR) to Neutral; Returning to Private Hands
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Unusual 11 Mid-Day Movers 10/28: MTSL, GRRF, PTEK, SVR, BJGP, RITT Higher; SUF, FBC, OCLR, CDTID, RZ Lower
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Notable Mergers and Acquisitions of the Day 10/28: SVR, TEVA, DINE
