Syniverse Holdings Jumps 30% On Acquisition (SVR)

Syniverse Holdings Inc. SVR is up 30% after the Carlyle Group agreed to acquire the company for $31 per share. This values the company at $2.6 billion. “After careful and diligent analysis, together with our independent advisers, the board of directors and I are proud to enter into this agreement with Carlyle,” said Bob Marino, chairman of Syniverse. “The acquisition provides validation of the results we have achieved through our sound strategy, strong management team, and expert employee base, and provides our stockholders with a significant cash premium for their investment.”