JACKSONVILLE, Fla. and MILWAUKEE, June 22 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE: FIS) and Metavante Technologies, Inc. (NYSE: MV) today announced that the companies have each received a request for additional information and documentary material, often referred to as a 'Second Request,' from the United States Department of Justice (DOJ) in connection with their proposed merger announced on April 1, 2009.
The Second Request from the DOJ is a procedure in the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ('HSR Act'). FIS and Metavante are in the process of gathering information responsive to the Second Request, and are working cooperatively with the DOJ as it reviews the merger. The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after FIS and Metavante substantially comply with the Second Request, unless that period is extended voluntarily by the parties or terminated sooner by the DOJ. The proposed merger remains subject to customary conditions, including shareholder approval. Both companies expect the merger to close during the fourth quarter of 2009.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS) 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.
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.
