Syniverse ends ‘poison pill’ amendment
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TAMPA, Fla. — Syniverse Holdings Inc., which provides services to telecommunications companies, is eliminating the “toxicant tablet” constituent of its part construction.
The caller added the amendment in 2008 because of its downhearted plowshare cost - which was trading under $9 at the clip. It’s a footstep broadly adoptive by companies to forfend uncongenial takeovers, although Syniverse aforesaid it had no info some any pending buyout whirl at the clip.
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The fellowship aforementioned that serving of the rights programme expires as of Friday, kinda than in 2011 as aforethought.
Shares of Syniverse brutal 23 cents to finis at $22.33.
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