Source: Fidelity National Information Services
Fidelity National Information Services (NYSE: FIS) and Metavante Technologies (NYSE: MV) today announced that the companies have each received a request for additional information and documentary material, often referred to as a "Second Request," from the United States Department of Justice (DOJ) in connection with their proposed merger announced on April 1, 2009.
The Second Request from the DOJ is a procedure in the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"). FIS and Metavante are in the process of gathering information responsive to the Second Request, and are working cooperatively with the DOJ as it reviews the merger. The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after FIS and Metavante substantially comply with the Second Request, unless that period is extended voluntarily by the parties or terminated sooner by the DOJ. The proposed merger remains subject to customary conditions, including shareholder approval. Both companies expect the merger to close during the fourth quarter of 2009.