Fidelity National Information Services and Metavante Technologies Provide Update Regarding Proposed Merger
June 22 2009 - 8:00AM
PR Newswire (US)
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
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's 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) effect of governmental regulations,
including the possibility that there are unexpected delays in
obtaining regulatory approvals; (ii) the failure to obtain approval
of FIS's and Metavante's shareholders; and (iii) 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 and Metavante
have filed with the United States Securities and Exchange
Commission (the "SEC") a Registration Statement on Form S-4 that
includes a preliminary version of a joint proxy statement of FIS
and Metavante that also constitutes a preliminary prospectus of
FIS. The S-4 has not yet become effective. Following the S-4 being
declared effective by the SEC, FIS and Metavante intend to mail the
final joint proxy statement/prospectus to their respective
shareholders. Such final documents, however, are not currently
available. Investors and security holders are urged to read these
documents (if and when they become available) and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to those documents, because they will 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 will be set forth in the joint proxy
statement/prospectus when it is filed with the SEC. 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's 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, +1-904-854-3282, or Marcia
Danzeisen, Senior Vice President Marketing and Corporate
Communications, +1-904-854-5083, both of Fidelity National
Information Services, Inc.; or Kirk Larsen, Treasurer and Vice
President of Investor Relations, +1-414-357-3553, or Chip
Swearngan, Vice President, Corporate Communications,
+1-414-357-3688, both of Metavante Corporation Web Site:
http://www.fidelityinfoservices.com/
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