Market Overview

FIS Agrees to Repurchase 5.7M Shares Held by Warburg Pincus

FIS
(NYSE: FIS) today announced that it has entered into an agreement to
repurchase $200 million, or approximately 5.7 million shares, of FIS
common stock beneficially owned by Warburg Pincus Private Equity IX,
L.P. at a purchase price of $35.03 per share. The purchase price was
determined based on the closing price of FIS common stock on Dec. 12,
2012. The transaction is expected to close on or before Dec. 19, 2012.

Inclusive of this transaction, FIS has repurchased more than $450
million, or approximately 14 million shares, of its common stock year to
date. Approximately $650 million remains available under the existing
share repurchase authorization.

See full press release

Posted-In: Earnings News Guidance Contracts Management M&A Global

 

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