Syniverse Holdings (SVR) announced Tuesday morning that it signed a definitive agreement to acquire VeriSign Inc.'s (VRSN) messaging business for $175 million. Syniverse Holdings rose sharply until around mid-morning Tuesday and finished up by $3.47 at $18.82 on the highest volume in 6 months. The stock closed challenging resistance, trading at over a 10-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.