Fidelity National Information Services Inc. (FIS) and Brown Deer-based Metavante Technologies Inc. today announced that the companies have received clearance from the U.S. Department of Justice to complete their proposed merger without conditions.
The completion of the acquisition of Metavante by Jacksonville, Fla.-based Fidelity remains subject to receipt of FIS and Metavante shareholder approvals, and other customary closing conditions.
FIS will hold a special meeting of its shareholders today to vote on the issuance of FIS common stock in connection with the merger of Metavante into a wholly owned subsidiary of FIS, and to vote on the issuance of approximately 16 million shares of FIS common stock to affiliates of Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. in connection with the equity investments in FIS to be made by those parties coincidentally with the completion of the merger.
Metavante also will hold a special meeting of its shareholders today to vote on the approval of the acquisition.
FIS and Metavante expect the merger to close during the fourth quarter of 2009.
Feds give green light for Fidelity's acquisition of Metavante
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