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.
View Older Stories
-
Twilio (TWLO) to Invest Up to $750M in Syniverse - DJ
-
Twilio nears deal to invest up to $750 million in Syniverse: WSJ
-
Level Ex® Announces Jason Rubinstein as Chief Operating Officer, Adding to Strength of Chicago Executive Team
-
Syniverse Names Michael Clifton to Board of Directors
-
Syniverse CEO Announces Retirement
-
Carlyle Group (CG) Taps Former FCC Chair Genachowski as Managing Director
-
Taubman Centers (TCO) Replacing Syniverse (SVR) In S&P MidCap 400
-
Jefferies Downgrades Syniverse (SVR) to Hold
-
Top 10 News Items 10/25-10/29: Fed to Announce QE2 Next Week, Still in the Thick of Q3 Earnings Season, Carlyle Making Big Moves
-
Baird & Avondale Securities Downgrades Syniverse (SVR)
-
Goldman Sachs Downgrades Syniverse Technologies (SVR) to Neutral
-
Wedbush Downgrades Syniverse (SVR) to Neutral; Returning to Private Hands
-
Unusual 11 Mid-Day Movers 10/28: MTSL, GRRF, PTEK, SVR, BJGP, RITT Higher; SUF, FBC, OCLR, CDTID, RZ Lower
-
Notable Mergers and Acquisitions of the Day 10/28: SVR, TEVA, DINE