SCOTTSDALE, Ariz., Sept. 7 /PRNewswire-FirstCall/ -- EFD | eFunds
Corporation (NYSE: EFD), the company that delivers innovative enterprise
payments and data & decisioning solutions, today announced that its
stockholders approved the merger agreement of EFD with a subsidiary of
Fidelity National Information Services, Inc. at a special meeting of
stockholders held today. Approximately 73% of the outstanding shares and over
99% of the shares voted were voted in favor of the merger.
Upon the closing of the merger, holders of EFD common stock will be
entitled to receive $36.50 in cash, without interest, for each of their
shares. The merger is currently expected to close on September 12, 2007.
About EFD | eFunds Corporation
EFD is the payments solutions company. With the unique ability to take an
integrated view of enterprise payments and data & decisioning, EFD provides
financial services companies and other large enterprises with business insight
to make better new account decisions, improve fraud detection and management
and streamline payment processing. EFD's flexible delivery model means
solutions can be run in-house, outsourced or anything in between, helping
customers achieve operational efficiency and low cost of ownership while
building long-term customer value. From the point of account opening to the
settlement of every transaction -- debit, credit, or prepaid -- EFD helps
businesses win more of the right customers, serve them more efficiently and
keep them. Additional information is available at http://www.eFunds.com.
Statements made in this release concerning the Company's or management's
intentions, expectations, or predictions about future results or events are
'forward-looking statements' within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are necessarily subject to
risks and uncertainties that could cause actual results to vary from stated
expectations and such variations could be material and adverse. Factors that
could result in such a variation include, but are not limited to, the inherent
unreliability of earnings and revenue growth predictions due to numerous
factors, including many beyond the Company's control, potential difficulties,
delays and unanticipated expenses inherent in the development and marketing of
new products and services, competitive factors, the unpredictability of merger
and acquisition activity, and the numerous risks and potential additional
costs, disruptions and delays associated with the establishment of new
business initiatives. Additional information concerning these and other
factors that could cause actual results to differ materially from the
Company's current expectations is contained in the Company's Annual Report on
Form 10-K for the period ending December 31, 2006 and subsequent filings on
Form 10Q.
SOURCE EFD | eFunds Corporation
