Dallas, TX 8/26/2009 1:13:53 AM
News / Business

Syniverse Holdings, Inc. (NYSE:SVR) - Today’s Mid-Day Top Mover

Syniverse Holdings, Inc. (NYSE:SVR) - Today’s Mid-Day Top Mover

Dallas, TX - PennyStockPickReport.com is pleased to alert investors of stocks on the move.

 

VeriSign, Inctoday announced a definitive agreement to sell its Messaging Business to Tampa, Fla.-based Syniverse Holdings, Inc., for cash consideration of $175 million, subject to working capital adjustments. The transaction is subject to certain closing conditions and regulatory approvals.

"Even under challenging economic conditions, we have continued to execute on our divestiture strategy through aligning with buyers with complementary strengths," said Mark McLaughlin, president and CEO of VeriSign. "We are pleased to continue making progress on our divestiture program with this latest agreement with Syniverse."

The stock is currently trading at $18.78 moved up about 22% on over 3.71 million shares. In the last 52-week, the stock has been trading within a range of $6.80-$20.16.

About Syniverse Holdings, Inc.

Syniverse Holdings, Inc. is an enabler of wireless voice and data services for telecommunications companies worldwide. The Company’s data clearinghouse, network and technology services solve technical and operational challenges for the wireless industry by translating incompatible communication standards and protocols and simplifying operator interconnectivity.

 

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