eFunds shareholders approve Fidelity National merger; transaction to close Wednesday

By Lisa Kerner

Charlotte, N.C., Sept. 7 - EFD/eFunds Corp. stockholders approved the company's merger agreement with a subsidiary of Fidelity National Information Services, Inc. at a special meeting held on Friday.

Approximately 73% of the outstanding shares and over 99% of the shares voted were voted in favor of the merger, a company news release stated.

The merger is slated to close on Wednesday.

On June 27, Fidelity National announced it agreed to acquire eFunds for $36.50 per share in an all-cash transaction valued at about $1.8 billion.

eFunds is a Scottsdale, Ariz., provider of risk management, electronic payments and global outsourcing solutions.

Fidelity National, located in Jacksonville, Fla., provides core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products.

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