ST. PETERSBURG, Fla. - (02/02/060 Stockholders of Certegy Inc.were paid a special $250 million reward when they voted last weekto approve the cards processors merger with FidelityNationals outsourcing group. The company said it raised the$250 million in the capital markets this week and will use themoney to pay shareholders a special cash dividend of $3.75 a shareas part of the merger agreement. The merger will combine Certegywith Fidelity Nationals Fidelity National InformationService, which is comprised of the old Aurum Technologies, SanchezComputer Associates, ALLTEL Information Services and VISTAInformation Solutions and InterCept Inc. The new company is beingspun off from Fidelity Nationals core title insurancebusiness and will trade separately on the New York Stock Exchangeunder the symbol FIS
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Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
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Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
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Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
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