Summary
Fidelity National Information Services, Inc. (FIS) has filed an 8-K report detailing a material definitive agreement related to a significant stock offering. On November 9, 2006, the Company entered into an Underwriting Agreement with Bear, Stearns & Co. Inc., acting as the Underwriter, and certain shareholders. This agreement pertains to the sale of an aggregate of 5,546,600 shares of FIS's common stock by these Selling Shareholders. The offering is scheduled to close on November 15, 2006, subject to the fulfillment of customary closing conditions. While FIS is involved in the agreement as the issuer of the shares, the primary transaction detailed is a secondary offering, meaning existing shareholders are selling their shares rather than the company issuing new ones. Investors should note that this filing primarily concerns the terms of the underwriting and the sale of existing shares, not a capital raise for the company itself.
Key Highlights
- 1FIS entered into an Underwriting Agreement on November 9, 2006.
- 2The agreement involves Bear, Stearns & Co. Inc. as the Underwriter.
- 3Certain shareholders (Selling Shareholders) will sell a total of 5,546,600 shares of FIS common stock.
- 4This is a secondary offering, with existing shares being sold by shareholders.
- 5The offering was scheduled to close on November 15, 2006, pending standard closing conditions.
- 6The Underwriting Agreement is incorporated by reference into a previously filed Form S-3ASR registration statement.