Inquiry to Delay Metavante Purchase

Fidelity National Information Services Inc. said Monday that its pending purchase of Metavante Technologies Inc. would close in the fourth quarter because the Department of Justice has requested additional details about the transaction.

Fidelity, a Jacksonville, Fla., vendor, said in April it would pay $2.94 billion in stock for the Milwaukee banking technology company. The deal was originally expected to close in the third quarter.

The Justice Department requested further information about the companies under the Hart-Scott-Rodino Antitrust Improvements Act.

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