8-KOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (Sep 3, 2009)

Filed September 3, 2009For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on September 3, 2009, to announce a significant development regarding its proposed merger with Metavante Technologies, Inc. The key takeaway for investors is that the U.S. Department of Justice has granted clearance for the merger to proceed without any conditions. This regulatory hurdle, often a point of concern for large transactions, has now been successfully navigated by FIS and Metavante. While this is a crucial step forward, the completion of the merger is still contingent upon receiving approvals from the shareholders of both FIS and Metavante, along with other standard closing conditions. This filing signals positive momentum for the transaction, removing a major obstacle and bringing the companies closer to combining their operations. Investors should monitor future filings for updates on shareholder votes and final closing.

Key Highlights

  • 1US Department of Justice grants unconditional clearance for the FIS-Metavante merger.
  • 2Removal of a significant regulatory hurdle for the proposed transaction.
  • 3Merger completion remains subject to shareholder approvals from both FIS and Metavante.
  • 4Other customary closing conditions must also be met for the merger to finalize.
  • 5The filing includes a press release detailing this development as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that Fidelity National Information Services, Inc. (FIS) and Metavante Technologies, Inc. have received clearance from the U.S. Department of Justice for their proposed merger without any conditions.

No, the merger is not yet complete. While the Department of Justice has approved it, the transaction is still subject to receiving approvals from the shareholders of both FIS and Metavante, as well as other customary closing conditions.

The U.S. Department of Justice's unconditional clearance is significant because it removes a major regulatory obstacle that could have delayed or blocked the merger. This indicates that antitrust concerns, if any, were addressed to the satisfaction of the DOJ.

The next critical steps include obtaining the necessary approvals from the shareholders of both Fidelity National Information Services and Metavante, and satisfying all other customary closing conditions required for the transaction.