Fidelity National Information Services Inc. and its majority owner, Fidelity National Financial Inc., have set the final exchange ratio for the spinoff of the information services company, which provides technology to banks.
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The Jacksonville, Fla., companies said Tuesday that people who own the financial company's shares are to receive 0.537 shares of the technology company's common stock.
The spinoff is expected to close today. The financial company owns 96.5 million shares of the technology company's common stock and has 179.6 million of its own shares outstanding.
Fidelity National Information Services' stock is to join the Standard & Poor's 500 index after the spinoff.Steve Bills
