Wednesday, June 27, 2007

UPDATE 1-Fidelity National to buy eFunds for $1.8 bln

(Reuters) - The deal will expand Fidelity National Information
Service's distribution capabilities and boost the
company's product offering.




FIS expects to realize about $65 million in annual cost
savings. It will finance the purchase through cash on hand and
recently secured long-term debt commitments. The deal is
expected to close by the end of the third quarter.


Read more at Reuters.com Mergers News

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