Fidelity National Information Services (NYSE: FIS) and Metavante Technologies (NYSE: MV) today announced that the companies have received clearance from the U.S. Department of Justice to complete their proposed merger without conditions.
Completion of the merger remains subject to receipt of FIS and Metavante shareholder approvals, and other customary closing conditions.
FIS will hold a special meeting of its shareholders on September 4, 2009 to vote on the issuance of FIS common stock in connection with the merger of Metavante into a wholly owned subsidiary of FIS, and to vote on the issuance of approximately 16 million shares of FIS common stock to affiliates of Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. in connection with the equity investments in FIS to be made by those parties coincidentally with the completion of the merger. FIS shareholders of record as of June 29, 2009, will be entitled to vote at the special meeting. Metavante will also hold a special meeting of its shareholders on September 4, 2009 to vote on the approval of the merger agreement. Metavante shareholders of record as of June 29, 2009, will be entitled to vote at the special meeting.
FIS and Metavante expect the merger to close during the fourth quarter of 2009.