FIS announces plans for leveraged recapitalization; buyout talks nixed

By Angela McDaniels

Tacoma, Wash., May 18 - Fidelity National Information Services Inc. has decided to pursue a leveraged recapitalization with a substantial share repurchase, according to a company news release.

The company had been in discussions regarding a potential leveraged buyout, but those discussions have ceased.

The company said further details will be provided as soon as appropriate.

FIS provides financial institution core processing as well as card issuer and transaction processing services. It is based in Jacksonville, Fla.

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