Fidelity National Information Services, Inc. and Metavante Technologies, Inc., Receive Department of Justice Clearance to Proceed with Planned Merger
- Press Release
- Source: Fidelity National Information Services, Inc.
- PIN Payments Blog
FIS will hold a special meeting of its shareholders on September 4, 2009 to vote on the issuance of FIS common stock in connection with the merger of Metavante into a wholly owned subsidiary of FIS, and to vote on the issuance of approximately 16 million shares of FIS common stock to affiliates of Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. in connection with the equity investments in FIS to be made by those parties coincidentally with the completion of the merger. FIS shareholders of record as of June 29, 2009, will be entitled to vote at the special meeting. Metavante will also hold a special meeting of its shareholders on September 4, 2009 to vote on the approval of the merger agreement. Metavante shareholders of record as of June 29, 2009, will be entitled to vote at the special meeting.
FIS and Metavante expect the merger to close during the fourth quarter of 2009.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS - News), a member of the S&P 500 Index, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of the S&P 500 Index and has been ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 14,000 financial institutions in more than 90 countries worldwide. For more information on FIS, please visit www.fidelityinfoservices.com.
Metavante Technologies, Inc. (NYSE: MV - News) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to approximately 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, outsourcing, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (www.metavante.com) is headquartered in Milwaukee. Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.