Fidelity National completes lending processing unit spin-off

Source: Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) today announced that it has completed the spin-off of Lender Processing Services (NYSE: LPS).

On July 2, 2008, FIS shareholders of record as of June 24, 2008 were issued one share of LPS common stock for every two shares of FIS stock owned. Shareholders will receive a cash payment in lieu of fractional shares. As a result of the distribution, LPS is now a fully independent, publicly-traded company on the New York Stock Exchange trading under the symbol "LPS".

Comments: (0)