Fidelity National Information Services Announces Sale of Stock by Minority Equity Shareholders
November 9, 2006, Jacksonville, FL - Fidelity National Information Services, Inc. (NYSE: FIS) today announced that its minority equity shareholders, Thomas H. Lee Partners ("THL"), Texas Pacific Group ("TPG") and Evercore, Inc. ("Evercore"), sold shares of FIS common stock in a secondary public offering.
Under the terms of the secondary public offering, THL, TPG and Evercore sold 5,546,600 shares of FIS common stock in a block trade after the close of trading on Thursday, November 9, 2006. Bear, Stearns & Co. Inc. agreed to purchase the shares of FIS common stock from THL, TPG and Evercore and subsequently sell those shares of FIS common stock to public investors. FIS will not receive any proceeds associated with the secondary public offering. Copies of the prospectus related to the offering may be obtained from the offices of Bear, Stearns & Co. Inc., 383 Madison Avenue, New York, NY 10179 or by calling 1-866-803-9204.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Fidelity National Information Services, Inc. (NYSE: FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; the potential inability of FIS to find suitable acquisition candidates, or difficulties of FIS in integrating acquisitions; the risk that the recent merger between FIS and Certegy Inc. may fail to achieve beneficial synergies or that it may take longer than expected to do so; the effects of substantial leverage at FIS, which may limit the funds available to make acquisitions and invest in its business; the risks of reduction in revenue from the elimination of existing and potential FIS customers due to consolidation in the banking, retail and financial services industries; failures to adapt the services of FIS to changes in technology or in the marketplace; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Form 10-K of FIS and other filings with the Securities and Exchange Commission.Back to previous