Fidelity National Information Services, Inc. and Metavante Technologies, Inc., Receive Department of Justice Clearance to Procee
September 03 2009 - 2:27PM
PR Newswire (US)
JACKSONVILLE, Fla. and MILWAUKEE, Sept. 3 /PRNewswire-FirstCall/ --
Fidelity National Information Services, Inc. (NYSE:FIS) and
Metavante Technologies, Inc. (NYSE:MV) today announced that the
companies have received clearance from the U.S. Department of
Justice to complete their proposed merger without conditions.
Completion of the merger remains subject to receipt of FIS and
Metavante shareholder approvals, and other customary closing
conditions. 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), 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
http://www.fidelityinfoservices.com/. About Metavante Metavante
Technologies, Inc. (NYSE:MV) 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
(http://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. Forward-Looking Statements This press release
contains statements related to FIS' and Metavante's future plans
and expectations, and, as such, constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are subject to known and
unknown events, risks, uncertainties and other factors that,
individually or in the aggregate, may cause actual results to be
different from those expressed within this press release. The
material risks and uncertainties that could cause actual results to
differ materially from current expectations include, without
limitation, the following: (i) the failure to obtain approval of
FIS' and Metavante's shareholders; and (ii) other risks detailed
from time to time in the reports and filings made by FIS and
Metavante with the Securities and Exchange Commission ("SEC") that
are available on the SEC's web site located at http://www.sec.gov/.
Readers are strongly urged to read the full cautionary statements
contained in those materials. We assume no obligation to update any
forward-looking statements to reflect events that occur or
circumstances that exist after the date on which they were made.
Additional Information and Where to Find It In connection with the
proposed transactions, FIS has filed with the SEC a Registration
Statement on Form S-4, which includes a joint proxy statement of
FIS and Metavante that also constitutes a prospectus of FIS. The
Registration Statement has been declared effective by the SEC and
FIS and Metavante mailed the final joint proxy statement/prospectus
to their respective shareholders on July 22, 2009. Investors and
security holders are urged to read these documents and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to those documents, because they contain important
information about FIS, Metavante and the proposed transactions.
Investors and security holders may obtain these documents (and any
other documents filed by FIS or Metavante with the SEC) free of
charge at the SEC's website at http://www.sec.gov/. In addition,
the documents filed with the SEC by FIS may be obtained free of
charge by directing such request to: Investor Relations, 601
Riverside Drive, Jacksonville, FL 32204, or from FIS Investor
Relations page on its corporate website at
http://www.fidelityinfoservices.com/. The documents filed with the
SEC by Metavante may be obtained free of charge by directing such
request to: Investor Relations, 4900 West Brown Deer Road,
Milwaukee, WI 53223 or from Metavante's Investor Relations page on
its corporate website at http://www.metavante.com/. Participants in
the Solicitation FIS, Metavante and their respective executive
officers, directors and certain other members of management and
employees may be deemed to be participants in the solicitation of
proxies from the shareholders of Metavante and FIS in favor of the
proposed transactions. Information regarding the persons who may,
under the rules of the SEC, be considered participants in the
solicitation of the shareholders in connection with the proposed
transactions is set forth in the joint proxy statement/prospectus.
Information about the executive officers and directors of FIS and
their ownership of FIS common stock is set forth in the proxy
statement for FIS 2009 Annual Meeting of Shareholders, which was
filed with the SEC on April 15, 2009. Information about the
executive officers and directors of Metavante and their ownership
of Metavante common stock is set forth in Metavante's Annual Report
on Form 10-K for the year ended December 31, 2008, which was filed
with the SEC on February 20, 2009, as amended by the Annual Report
on Form 10-K/A (Amendment No. 1) for the year ended December 31,
2008, which was filed with the SEC on April 30, 2009. DATASOURCE:
Fidelity National Information Services, Inc. CONTACT: Mary K.
Waggoner, Senior Vice President of Investor Relations, FIS,
+1-904-854-3282, or Marcia Danzeisen, Senior Vice President
Marketing and Corporate Communications, FIS, +1-904-854-5083; Kirk
Larsen, Treasurer and Vice President of Investor Relations of
Metavante Corporation, +1-414-357-3553, or Chip Swearngan, Vice
President, Corporate Communications, of Metavante Corporation,
+1-414-357-3688 Web Site: http://www.fidelityinfoservices.com/
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