Fidelity National buys Metavante, renamed FIS

Posted In: Information Tech

By The Associated Press

Thursday, October 1, 2009

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Fidelity National Information Services Inc. said Thursday it has completed its acquisition of Metavante Technologies, and together they will be known as FIS.

The combined company will provide banking and payments technology to community banks, credit unions, mid-tier and large financial institutions, international banks, government, health care companies and educational institutions.

Shareholders of Metavante received 1.35 shares of FIS common stock for each share of Metavante stock. FIS bought all the outstanding Metavante shares.

The company said it also has a new logo.

FIS shares fell 10 cents to $25.41 in midday trading.

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