FIS To Buy Back $200M In Stock From Warburg Pincus

Law360, New York (December 13, 2012, 3:12 PM EST) -- Banking and payment software provider Fidelity National Information Services Inc. will repurchase $200 million worth of its shares from private equity firm Warburg Pincus LLC, the company's largest shareholder, as part of a stock buyback plan, FIS said Thursday.

In the sale, Warburg Pincus will sell about 5.7 million shares at $35.03 a pop, representing a 3 percent discount to Wednesday's closing price. After shaving off the stock from its interest, the New York private equity firm will hold onto an 11.2 percent ownership stake, according...
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