Fidelity National, Metavante cleared by DOJ; shareholders vote Friday

By Lisa Kerner

Charlotte, N.C., Sept. 3 - The proposed merger of Fidelity National Information Services, Inc. and Metavante Technologies, Inc. received clearance without conditions from the U.S. Department of Justice, the companies said on Thursday. In June, the Justice Department requested additional information about the transaction.

Shareholders of both companies will vote on the deal at separate special meetings on Friday.

As previously reported, Fidelity agreed to acquire Metavante in an all-stock transaction valued at approximately $3 billion.

Metavante shareholders will receive a fixed exchange ratio of 1.35 shares of Fidelity common stock for each share of Metavante common stock they own.

Milwaukee-based Metavante Technologies is the parent company of Metavante Corp., which delivers banking and payments technologies to financial services firms and businesses.

Fidelity, 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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